Selective Wealth Management Inc. Purchases 303 Shares of Apple Inc. (NASDAQ:AAPL)

Selective Wealth Management Inc. boosted its position in Apple Inc. (NASDAQ:AAPL) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,692 shares of the iPhone maker’s stock after buying an additional 303 shares during the period. Apple makes up 2.7% of Selective Wealth Management Inc.’s holdings, making the stock its 8th biggest holding. Selective Wealth Management Inc.’s holdings in Apple were worth $6,693,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bull Oak Capital LLC raised its holdings 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 bought a new stake in shares of Apple during the second quarter worth about $42,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% during the third 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 bought a new stake in shares of Apple during the third quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter worth about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 1.6 %

Shares of NASDAQ AAPL opened at $238.03 on Tuesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a market cap of $3.58 trillion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The firm has a 50-day moving average of $239.26 and a 200 day moving average of $233.85. 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 issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 0.42%. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Four 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 stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $243.88.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.

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.