Wynn Capital LLC Purchases 199 Shares of Apple Inc. (NASDAQ:AAPL)

Wynn Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,565 shares of the iPhone maker’s stock after buying an additional 199 shares during the quarter. Apple accounts for 5.0% of Wynn Capital LLC’s holdings, making the stock its 3rd largest holding. Wynn Capital LLC’s holdings in Apple were worth $7,905,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the 2nd quarter valued at approximately $42,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the 3rd quarter valued at $71,000. Christopher J. Hasenberg Inc lifted its position in shares of 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 purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the third quarter worth $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 0.0 %

Shares of AAPL opened at $247.04 on Wednesday. The business’s fifty day moving average price is $240.26 and its two-hundred day moving average price is $233.34. 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 firm has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, analysts predict that Apple Inc. will post 7.28 earnings per share for the current 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 issued a dividend of $0.25 per share. 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 15.87%.

Analyst Ratings Changes

A number of analysts have weighed in on AAPL shares. UBS Group upped their target price on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Four 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 company has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is owned by insiders.

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.