Marshall & Sullivan Inc. WA Purchases 761 Shares of Apple Inc. (NASDAQ:AAPL)

Marshall & Sullivan Inc. WA lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,121 shares of the iPhone maker’s stock after acquiring an additional 761 shares during the quarter. Apple accounts for approximately 3.4% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 9th largest holding. Marshall & Sullivan Inc. WA’s holdings in Apple were worth $7,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Claro Advisors LLC increased its stake in shares of Apple by 0.8% during the fourth quarter. Claro Advisors LLC now owns 124,219 shares of the iPhone maker’s stock worth $31,107,000 after acquiring an additional 953 shares during the period. Elmwood Wealth Management Inc. increased its stake in shares of Apple by 2.1% during the fourth quarter. Elmwood Wealth Management Inc. now owns 23,982 shares of the iPhone maker’s stock worth $6,006,000 after acquiring an additional 497 shares during the period. Fulcrum Capital LLC increased its stake in shares of Apple by 44.7% during the fourth quarter. Fulcrum Capital LLC now owns 160,032 shares of the iPhone maker’s stock worth $40,075,000 after acquiring an additional 49,413 shares during the period. JCIC Asset Management Inc. increased its stake in shares of Apple by 2.2% during the fourth quarter. JCIC Asset Management Inc. now owns 114,026 shares of the iPhone maker’s stock worth $28,554,000 after acquiring an additional 2,465 shares during the period. Finally, Clean Yield Group increased its stake in shares of Apple by 0.6% during the fourth quarter. Clean Yield Group now owns 105,124 shares of the iPhone maker’s stock worth $26,325,000 after acquiring an additional 676 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Shares of AAPL stock opened at $245.55 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. 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 company has a 50 day moving average price of $240.47 and a 200 day moving average price of $232.55. The firm has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AAPL shares. Citigroup boosted their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $211.84 to $200.75 in a report on Thursday, January 30th. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

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.