Apple Inc. (NASDAQ:AAPL) Stake Cut by Arcadia Wealth Management LLC

Arcadia Wealth Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,976 shares of the iPhone maker’s stock after selling 231 shares during the period. Arcadia Wealth Management LLC’s holdings in Apple were worth $745,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. State Street Corp boosted its stake in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the period. Geode Capital Management LLC grew its holdings in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. FMR LLC grew its holdings in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 1.0 %

Apple stock opened at $223.85 on Friday. The business has a 50 day moving average price of $230.94 and a two-hundred day moving average price of $233.28. 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 stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 Ratings Changes

AAPL has been the subject of a number of research reports. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Citigroup lifted their price target on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Raymond James lifted their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.65.

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.