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

Moss Adams Wealth Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,062 shares of the iPhone maker’s stock after purchasing an additional 8,678 shares during the period. Apple comprises approximately 2.1% of Moss Adams Wealth Advisors LLC’s holdings, making the stock its 10th biggest holding. Moss Adams Wealth Advisors LLC’s holdings in Apple were worth $20,299,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Bull Oak Capital LLC boosted 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 worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc boosted its position in 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 period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter valued at approximately $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.1 %

Shares of AAPL opened at $235.74 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market cap 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 one year low of $164.08 and a one year high of $260.10. The firm has a 50 day simple moving average of $238.36 and a two-hundred day simple moving average of $233.93.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Research analysts forecast 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. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. Bank of America lifted their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup boosted their target price on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays increased their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Raymond James boosted their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Monday. Four investment 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 company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $243.88.

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.