MBE Wealth Management LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,086 shares of the iPhone maker’s stock after selling 138 shares during the quarter. Apple comprises approximately 0.5% of MBE Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. MBE Wealth Management LLC’s holdings in Apple were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Robinson Value Management Ltd. bought a new stake in shares of Apple during the 3rd quarter valued at about $28,000. Hanseatic Management Services Inc. grew its stake in shares of Apple by 75.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Bluestem Financial Advisors LLC grew its stake in shares of Apple by 5,935.2% during the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 229,929 shares during the period. HBC Financial Services PLLC grew its stake in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Finally, Ramsey Quantitative Systems bought a new stake in shares of Apple during the 2nd quarter valued at about $55,000. 57.60% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
AAPL has been the subject of a number of recent research reports. Evercore ISI restated an “outperform” rating and set a $190.00 price target on shares of Apple in a research note on Monday, February 6th. Canaccord Genuity Group lowered their price objective on Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, January 18th. National Bank Financial lowered their price objective on Apple to $54.00 and set an “outperform” rating on the stock in a research report on Friday, January 20th. Deutsche Bank Aktiengesellschaft set a $160.00 price objective on Apple in a research report on Friday, February 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $195.00 price target on shares of Apple in a report on Thursday, March 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $168.24.
Insider Activity
Apple Stock Performance
NASDAQ AAPL opened at $164.90 on Friday. The company has a market cap of $2.61 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.30. The stock’s 50 day simple moving average is $151.76 and its 200-day simple moving average is $145.59. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The company had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 6.04 EPS for the current fiscal year.
Apple Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 10th. This is a boost from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s payout ratio is presently 15.62%.
Apple Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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