Retirement Wealth Solutions LLC Invests $383,000 in Apple Inc. (NASDAQ:AAPL)

Retirement Wealth Solutions LLC bought a new position in Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,618 shares of the iPhone maker’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bull Oak Capital LLC grew its position in shares of 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 buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the second quarter worth about $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the third quarter worth about $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 valued at $69,000 after buying an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $238.03 on Tuesday. The stock has a 50-day moving average price of $239.26 and a two-hundred day moving average price of $233.85. 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 company has a market cap of $3.58 trillion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Ratings Changes

A number of analysts have issued reports on AAPL shares. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Evercore ISI increased their price target on Apple to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, DA Davidson set a $290.00 price target on Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.