Dynamic Advisor Solutions LLC Sells 68,473 Shares of Apple Inc. $AAPL

Dynamic Advisor Solutions LLC lowered its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,747 shares of the iPhone maker’s stock after selling 68,473 shares during the period. Apple comprises about 3.3% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its largest holding. Dynamic Advisor Solutions LLC’s holdings in Apple were worth $101,503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First National Bank of Hutchinson increased its position in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after purchasing an additional 6,982 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after buying an additional 272 shares during the last quarter. Brighton Jones LLC raised its position in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after acquiring an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after buying an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE raised its position in shares of Apple by 2.4% in the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after purchasing an additional 1,155 shares during the period. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. Loop Capital restated a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Apple in a research note on Tuesday, December 2nd. UBS Group reiterated a “neutral” rating on shares of Apple in a research report on Wednesday, March 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Wednesday, March 4th. Scotiabank set a $330.00 price objective on Apple in a report on Monday, February 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of Apple in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $297.58.

Get Our Latest Stock Report on Apple

Apple Stock Down 1.6%

Shares of AAPL opened at $248.80 on Friday. The firm has a 50 day simple moving average of $260.24 and a two-hundred day simple moving average of $262.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company 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.

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

Apple Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.15%.

Trending Headlines about Apple

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Apple Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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