Optimum Investment Advisors Has $13.43 Million Position in Apple Inc. (NASDAQ:AAPL)

Optimum Investment Advisors trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,349 shares of the iPhone maker’s stock after selling 9,295 shares during the quarter. Apple makes up about 7.3% of Optimum Investment Advisors’ investment portfolio, making the stock its largest holding. Optimum Investment Advisors’ holdings in Apple were worth $13,428,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. bought a new position in shares of Apple in the third quarter worth approximately $28,000. Hanseatic Management Services Inc. boosted its position in shares of Apple by 75.4% in the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 107 shares during the period. Bluestem Financial Advisors LLC lifted its holdings in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after buying an additional 229,929 shares in the last quarter. HBC Financial Services PLLC lifted its holdings in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Apple in the second quarter worth $55,000. 57.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer lowered their target price on shares of Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, December 12th. Barclays upped their price target on shares of Apple from $133.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Bank of America upped their price target on shares of Apple from $153.00 to $158.00 in a research note on Friday, February 3rd. Canaccord Genuity Group decreased their price target on shares of Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, January 18th. Finally, Deutsche Bank Aktiengesellschaft set a $160.00 price target on shares of Apple in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.24.

Apple Stock Down 0.5 %

NASDAQ:AAPL opened at $155.00 on Friday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 26.32, a P/E/G ratio of 2.02 and a beta of 1.30. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. The company’s 50-day simple moving average is $146.64 and its 200-day simple moving average is $145.41.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The firm had revenue of $117.15 billion during the quarter, compared to the consensus estimate of $121.67 billion. During the same quarter in the prior year, the business posted $2.10 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were issued a $0.23 dividend. 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 0.59%. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.62%.

About Apple

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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.