Envision Financial LLC Buys Shares of 2,043 Apple Inc. (NASDAQ:AAPL)

Envision Financial LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,043 shares of the iPhone maker’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HFG Wealth Management LLC lifted its holdings in shares of Apple by 3.8% during the 4th quarter. HFG Wealth Management LLC now owns 9,982 shares of the iPhone maker’s stock worth $2,326,000 after acquiring an additional 366 shares during the period. Asset Allocation & Management Company LLC purchased a new stake in shares of Apple during the fourth quarter valued at approximately $1,202,000. Cardano Risk Management B.V. increased its stake in shares of Apple by 3.1% in the fourth quarter. Cardano Risk Management B.V. now owns 3,839,577 shares of the iPhone maker’s stock worth $961,506,000 after buying an additional 116,473 shares during the last quarter. Compton Wealth Advisory Group LLC increased its stake in shares of Apple by 0.8% in the fourth quarter. Compton Wealth Advisory Group LLC now owns 64,889 shares of the iPhone maker’s stock worth $16,250,000 after buying an additional 492 shares during the last quarter. Finally, Parkside Advisors LLC increased its stake in shares of Apple by 25.4% in the fourth quarter. Parkside Advisors LLC now owns 30,464 shares of the iPhone maker’s stock worth $7,629,000 after buying an additional 6,169 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAPL. TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Evercore ISI lifted their price objective on shares of Apple to $260.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a report on Thursday, January 23rd. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Finally, Citigroup boosted their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given 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 a consensus price target of $242.52.

Apple Stock Down 0.1 %

Shares of AAPL stock opened at $245.55 on Friday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market cap of $3.69 trillion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. The stock has a 50 day moving average of $240.47 and a 200-day moving average of $232.55. 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 issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts predict 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 issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Apple Company 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.