180 Wealth Advisors LLC Sells 3,372 Shares of Apple Inc. $AAPL

180 Wealth Advisors LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,903 shares of the iPhone maker’s stock after selling 3,372 shares during the period. Apple makes up 3.1% of 180 Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. 180 Wealth Advisors LLC’s holdings in Apple were worth $27,160,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Carr Financial Group Corp raised its stake in shares of Apple by 2.0% in the 4th quarter. Carr Financial Group Corp now owns 20,444 shares of the iPhone maker’s stock valued at $5,558,000 after acquiring an additional 394 shares during the period. Hardin Capital Partners LLC increased its stake in Apple by 43.3% during the fourth quarter. Hardin Capital Partners LLC now owns 5,669 shares of the iPhone maker’s stock worth $1,541,000 after purchasing an additional 1,713 shares during the period. Tactive Advisors LLC lifted its position in shares of Apple by 2.4% during the fourth quarter. Tactive Advisors LLC now owns 26,832 shares of the iPhone maker’s stock worth $7,267,000 after purchasing an additional 638 shares in the last quarter. Independence Wealth Advisors LLC acquired a new stake in shares of Apple during the fourth quarter worth about $1,888,000. Finally, Ridgeline Wealth LLC boosted its stake in shares of Apple by 4.7% in the fourth quarter. Ridgeline Wealth LLC now owns 2,082 shares of the iPhone maker’s stock valued at $566,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. Evercore reiterated an “outperform” rating on shares of Apple in a report on Monday, March 2nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research report on Friday, January 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $330.00 price target on Apple in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell 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 $297.58.

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Key Headlines Impacting Apple

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Apple Trading Down 1.6%

NASDAQ:AAPL opened at $248.80 on Friday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The stock has a market cap of $3.65 trillion, a P/E ratio of 31.45, a P/E/G ratio of 2.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a 50-day simple moving average of $260.24 and a 200-day simple moving average of $262.67.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is presently 13.15%.

About Apple

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Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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