Hilltop Wealth Advisors LLC Purchases 182 Shares of Apple Inc. (NASDAQ:AAPL)

Hilltop Wealth Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,783 shares of the iPhone maker’s stock after purchasing an additional 182 shares during the quarter. Apple accounts for about 0.7% of Hilltop Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Hilltop Wealth Advisors LLC’s holdings in Apple were worth $1,448,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Childress Capital Advisors LLC raised its holdings in Apple by 5.8% in the second quarter. Childress Capital Advisors LLC now owns 51,250 shares of the iPhone maker’s stock worth $10,794,000 after purchasing an additional 2,806 shares during the period. Arizona State Retirement System grew its position in Apple by 0.9% in the second quarter. Arizona State Retirement System now owns 4,252,860 shares of the iPhone maker’s stock valued at $895,737,000 after purchasing an additional 37,670 shares in the last quarter. Blue Barn Wealth LLC lifted its stake in shares of Apple by 4.3% during the 2nd quarter. Blue Barn Wealth LLC now owns 3,244 shares of the iPhone maker’s stock worth $683,000 after buying an additional 134 shares during the last quarter. Slocum Gordon & Co LLP lifted its stake in shares of Apple by 3.6% during the 2nd quarter. Slocum Gordon & Co LLP now owns 8,536 shares of the iPhone maker’s stock worth $1,798,000 after buying an additional 300 shares during the last quarter. Finally, Synergy Asset Management LLC raised its stake in Apple by 3.8% in the 2nd quarter. Synergy Asset Management LLC now owns 118,904 shares of the iPhone maker’s stock worth $25,044,000 after purchasing an additional 4,365 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several analyst reports. Evercore ISI boosted their target price on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. The Goldman Sachs Group upped their price objective on shares of Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Citigroup boosted their target price on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $242.52.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $244.47 on Wednesday. The firm’s 50-day simple moving average is $240.66 and its 200 day simple moving average is $231.94. The stock has a market cap of $3.67 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

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.