Ibex Wealth Advisors Has $31.90 Million Position in Apple Inc. (NASDAQ:AAPL)

Ibex Wealth Advisors cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,368 shares of the iPhone maker’s stock after selling 146,494 shares during the period. Apple comprises about 3.8% of Ibex Wealth Advisors’ investment portfolio, making the stock its 4th biggest position. Ibex Wealth Advisors’ holdings in Apple were worth $31,896,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. High Net Worth Advisory Group LLC boosted its position in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new stake in shares of Apple during the 3rd quarter worth approximately $288,000. Sterling Investment Counsel LLC boosted its position in shares of Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners boosted its position in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in shares of Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after purchasing an additional 3,935 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAPL shares. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Monness Crespi & Hardt upped their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein lifted their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Price Performance

NASDAQ:AAPL opened at $220.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a 50 day moving average price of $231.54 and a 200 day moving average price of $233.41. The stock has a market cap of $3.32 trillion, a PE ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its 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 net margin of 24.30% and a return on equity of 160.83%. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 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.