Apple Inc. (NASDAQ:AAPL) Position Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,272 shares of the iPhone maker’s stock after purchasing an additional 7,501 shares during the quarter. Apple accounts for approximately 3.1% of Aaron Wealth Advisors LLC’s portfolio, making the stock its 6th largest position. Aaron Wealth Advisors LLC’s holdings in Apple were worth $26,362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC increased its position 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 worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the second quarter worth $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 during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the third quarter worth $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple 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 value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Down 0.1 %

NASDAQ AAPL opened at $235.74 on Thursday. The stock has a market capitalization of $3.54 trillion, a P/E ratio of 37.42, a P/E/G ratio of 2.44 and a beta of 1.20. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a 50-day moving average price of $238.36 and a 200 day moving average price of $233.93. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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, 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%. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared 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 was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAPL shares. Morgan Stanley set a $275.00 target price on shares of Apple in a research note on Tuesday, February 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Bank of America boosted their target price on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

About Apple

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.