Dominguez Wealth Management Solutions Inc. Purchases 115 Shares of Apple Inc. (NASDAQ:AAPL)

Dominguez Wealth Management Solutions Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 73,021 shares of the iPhone maker’s stock after purchasing an additional 115 shares during the quarter. Apple accounts for approximately 13.3% of Dominguez Wealth Management Solutions Inc.’s holdings, making the stock its 2nd biggest holding. Dominguez Wealth Management Solutions Inc.’s holdings in Apple were worth $18,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Wealth Dimensions Group Ltd. grew its stake in shares of Apple by 1.4% during the second quarter. Wealth Dimensions Group Ltd. now owns 61,794 shares of the iPhone maker’s stock valued at $13,015,000 after purchasing an additional 852 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Apple by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock valued at $11,160,183,000 after purchasing an additional 2,785,807 shares during the last quarter. American Planning Services Inc. grew its stake in shares of Apple by 109.2% during the second quarter. American Planning Services Inc. now owns 23,111 shares of the iPhone maker’s stock valued at $4,868,000 after purchasing an additional 12,064 shares during the last quarter. Menard Financial Group LLC grew its stake in shares of Apple by 13.4% during the second quarter. Menard Financial Group LLC now owns 12,173 shares of the iPhone maker’s stock valued at $2,564,000 after purchasing an additional 1,438 shares during the last quarter. Finally, Grunden Financial Advisory Inc. boosted its stake in Apple by 3.4% in the second quarter. Grunden Financial Advisory Inc. now owns 3,218 shares of the iPhone maker’s stock valued at $678,000 after acquiring an additional 106 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $238.03 on Tuesday. The company has a 50 day simple moving average of $239.26 and a 200 day simple moving average of $233.85. The stock has a market cap of $3.58 trillion, a price-to-earnings ratio of 37.78, a P/E/G ratio of 2.44 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. 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 (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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 anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAPL. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Barclays raised their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $243.88.

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.