Watershed Private Wealth LLC Has $4.07 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Watershed Private Wealth LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,254 shares of the iPhone maker’s stock after selling 180 shares during the period. Apple makes up 1.6% of Watershed Private Wealth LLC’s portfolio, making the stock its 16th largest position. Watershed Private Wealth LLC’s holdings in Apple were worth $4,070,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AAPL. Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter worth $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at about $110,000. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. 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. Redburn Partners set a $230.00 price target on Apple in a research report on Friday, January 31st. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Monness Crespi & Hardt increased their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Up 1.9 %

Apple stock opened at $218.27 on Friday. The company’s 50-day moving average price is $231.82 and its two-hundred day moving average price is $233.33. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.28 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is presently 15.87%.

Apple Profile

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.