USAdvisors Wealth Management LLC Sells 339 Shares of Apple Inc. (NASDAQ:AAPL)

USAdvisors Wealth Management LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,793 shares of the iPhone maker’s stock after selling 339 shares during the quarter. USAdvisors Wealth Management LLC’s holdings in Apple were worth $950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. AMF Tjanstepension AB raised its holdings in shares of Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Callan Family Office LLC grew its position in Apple by 53.6% in the third quarter. Callan Family Office LLC now owns 73,507 shares of the iPhone maker’s stock valued at $17,127,000 after purchasing an additional 25,653 shares in the last quarter. Cardinal Point Capital Management ULC increased its stake in Apple by 0.9% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 28,702 shares of the iPhone maker’s stock valued at $6,688,000 after buying an additional 245 shares during the last quarter. Williams & Novak LLC lifted its position in Apple by 14.4% during the 3rd quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock worth $2,961,000 after buying an additional 1,604 shares in the last quarter. Finally, Axiom Advisory LLC boosted its stake in shares of Apple by 13.7% during the 3rd quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock worth $120,952,000 after buying an additional 65,325 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Friday, March 14th. Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Evercore ISI increased their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Citigroup boosted their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $220.73 on Tuesday. The company has a 50 day moving average of $231.54 and a 200 day moving average of $233.41. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.32 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.