Shira Ridge Wealth Management Has $7.43 Million Position in Apple Inc. (NASDAQ:AAPL)

Shira Ridge Wealth Management grew its position in Apple Inc. (NASDAQ:AAPL) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,670 shares of the iPhone maker’s stock after acquiring an additional 91 shares during the period. Apple accounts for approximately 3.6% of Shira Ridge Wealth Management’s investment portfolio, making the stock its 8th biggest position. Shira Ridge Wealth Management’s holdings in Apple were worth $7,430,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bull Oak Capital LLC raised its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter worth $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In related 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 value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AAPL shares. Wedbush restated an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Friday, January 31st. Four 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.

Apple Trading Down 0.1 %

NASDAQ AAPL opened at $245.55 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a fifty day moving average of $240.47 and a 200 day moving average of $232.88. The company has a market capitalization of $3.69 trillion, a PE ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Apple 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.