Koa Wealth Management LLC Sells 4,026 Shares of Apple Inc. (NASDAQ:AAPL)

Koa Wealth Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 66,995 shares of the iPhone maker’s stock after selling 4,026 shares during the period. Apple makes up 13.7% of Koa Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Koa Wealth Management LLC’s holdings in Apple were worth $16,777,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAPL. Drystone LLC purchased a new position in shares of Apple in the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC lifted its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter valued at $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Apple stock opened at $221.53 on Thursday. The stock has a market cap of $3.33 trillion, a PE ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The business’s 50-day moving average price is $231.03 and its two-hundred day moving average price is $233.35.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. DA Davidson set a $290.00 target price on Apple in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Friday, March 14th. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, UBS Group raised their target price on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Company Profile

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.