Apple Inc. (NASDAQ:AAPL) Position Increased by Global Financial Private Client LLC

Global Financial Private Client LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,734 shares of the iPhone maker’s stock after acquiring an additional 112 shares during the period. Apple comprises approximately 6.7% of Global Financial Private Client LLC’s portfolio, making the stock its largest position. Global Financial Private Client LLC’s holdings in Apple were worth $17,964,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of AAPL. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its position in shares of Apple by 88.9% in 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 in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter valued at approximately $77,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $247.10 on Tuesday. 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 stock has a market capitalization of $3.71 trillion, a P/E ratio of 39.22, a P/E/G ratio of 2.44 and a beta of 1.20. The stock has a 50-day moving average price of $240.39 and a 200 day moving average price of $233.12.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s payout ratio is currently 15.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAPL shares. Maxim Group increased their price objective on Apple to $215.00 and gave the stock a “hold” rating in a report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a 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. Finally, Barclays increased their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.85.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’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 directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

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.