Code Waechter LLC Acquires 104 Shares of Apple Inc. (NASDAQ:AAPL)

Code Waechter LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,376 shares of the iPhone maker’s stock after purchasing an additional 104 shares during the quarter. Apple makes up approximately 1.8% of Code Waechter LLC’s holdings, making the stock its 13th biggest position. Code Waechter LLC’s holdings in Apple were worth $2,097,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Valliance Asset Management Ltd purchased a new stake in shares of Apple during the 2nd quarter worth approximately $5,266,000. Vista Finance LLC raised its holdings in shares of Apple by 2.3% during the 2nd quarter. Vista Finance LLC now owns 5,772 shares of the iPhone maker’s stock worth $1,216,000 after acquiring an additional 130 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of Apple by 0.5% during the 2nd quarter. Wedbush Securities Inc. now owns 1,044,851 shares of the iPhone maker’s stock worth $220,067,000 after acquiring an additional 5,451 shares in the last quarter. Choreo LLC raised its holdings in shares of Apple by 90.7% during the 2nd quarter. Choreo LLC now owns 869,690 shares of the iPhone maker’s stock worth $188,134,000 after acquiring an additional 413,678 shares in the last quarter. Finally, Liberty Wealth Management LLC raised its holdings in shares of Apple by 70.5% during the 2nd quarter. Liberty Wealth Management LLC now owns 181,551 shares of the iPhone maker’s stock worth $38,238,000 after acquiring an additional 75,072 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 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 through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AAPL shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday. Raymond James upped their price objective on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Barclays increased their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, Maxim Group increased their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

Apple Price Performance

AAPL opened at $245.55 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $240.47 and its 200-day simple moving average is $232.88. The company has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s 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.