Apple Inc. (NASDAQ:AAPL) is TFB Advisors LLC’s 6th Largest Position

TFB Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,388 shares of the iPhone maker’s stock after purchasing an additional 136 shares during the quarter. Apple comprises approximately 2.1% of TFB Advisors LLC’s portfolio, making the stock its 6th largest holding. TFB Advisors LLC’s holdings in Apple were worth $7,359,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in Apple in the fourth quarter valued at about $25,000. Bull Oak Capital LLC grew its position in shares of 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 purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of Apple stock opened at $202.14 on Wednesday. The stock has a market capitalization of $3.04 trillion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business’s 50 day simple moving average is $221.65 and its two-hundred day simple moving average is $230.79. Apple Inc. has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed 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 of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. Raymond James raised their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. DA Davidson reduced their target price on shares of Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup reduced their target price on Apple from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Monday. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered their target price on Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.85.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,451 shares of company stock valued at $40,818,720. Company insiders own 0.06% of the company’s stock.

About Apple

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.