My Legacy Advisors LLC Buys 1,402 Shares of Apple Inc. (NASDAQ:AAPL)

My Legacy Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,812 shares of the iPhone maker’s stock after purchasing an additional 1,402 shares during the quarter. Apple makes up approximately 3.4% of My Legacy Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. My Legacy Advisors LLC’s holdings in Apple were worth $8,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its holdings in Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares in the last quarter. Amara Financial LLC. acquired a new position in shares of Apple during the third quarter worth approximately $288,000. Granite Investment Partners LLC increased its stake in Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after purchasing an additional 7,606 shares in the last quarter. Truist Financial Corp raised its holdings in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after buying an additional 126,210 shares during the last quarter. Finally, Sterling Investment Counsel LLC raised its holdings in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.2 %

Shares of AAPL stock opened at $235.33 on Friday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm has a fifty day moving average price of $237.89 and a 200-day moving average price of $233.94. The company has a market cap of $3.54 trillion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.44 and a beta of 1.20. 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 results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a 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

Several equities analysts recently weighed in on AAPL shares. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Wedbush restated an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Monday. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Finally, Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.