BCS Wealth Management Has $8.54 Million Position in Apple Inc. (NASDAQ:AAPL)

BCS Wealth Management raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 49.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,108 shares of the iPhone maker’s stock after purchasing an additional 11,255 shares during the period. Apple comprises about 2.1% of BCS Wealth Management’s portfolio, making the stock its 8th largest holding. BCS Wealth Management’s holdings in Apple were worth $8,541,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. State Street Corp lifted its holdings in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the last quarter. FMR LLC raised its holdings in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Citigroup boosted their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a report on Tuesday, January 21st. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday. Four research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 trade 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 available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

Shares of Apple 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 stock’s fifty day moving average is $240.47 and its 200 day moving average is $232.72. The stock has a market cap of $3.69 trillion, a P/E ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted its quarterly 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%. Sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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 $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio is currently 15.87%.

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.