Apple Inc. (NASDAQ:AAPL) Shares Acquired by Wooster Corthell Wealth Management Inc.

Wooster Corthell Wealth Management Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,129 shares of the iPhone maker’s stock after buying an additional 187 shares during the quarter. Apple makes up approximately 0.6% of Wooster Corthell Wealth Management Inc.’s portfolio, making the stock its 23rd biggest position. Wooster Corthell Wealth Management Inc.’s holdings in Apple were worth $2,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cowa LLC boosted its holdings in Apple by 8.1% in the second quarter. Cowa LLC now owns 36,298 shares of the iPhone maker’s stock valued at $7,652,000 after purchasing an additional 2,715 shares in the last quarter. Brighton Jones LLC boosted its holdings in Apple by 1.7% in the second quarter. Brighton Jones LLC now owns 522,769 shares of the iPhone maker’s stock valued at $110,106,000 after purchasing an additional 8,660 shares in the last quarter. Ieq Capital LLC boosted its holdings in Apple by 4.4% in the second quarter. Ieq Capital LLC now owns 1,675,713 shares of the iPhone maker’s stock valued at $352,939,000 after purchasing an additional 70,266 shares in the last quarter. Trust Investment Advisors boosted its holdings in Apple by 2.5% in the second quarter. Trust Investment Advisors now owns 54,343 shares of the iPhone maker’s stock valued at $11,446,000 after purchasing an additional 1,309 shares in the last quarter. Finally, GM Advisory Group LLC boosted its holdings in Apple by 1.2% in the second quarter. GM Advisory Group LLC now owns 206,043 shares of the iPhone maker’s stock valued at $43,397,000 after purchasing an additional 2,530 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley set a $275.00 price objective on Apple in a report on Tuesday, February 11th. Citigroup increased their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $325.00 price objective on shares of Apple in a report on Monday, March 3rd. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Bank of America increased their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Price Performance

AAPL stock opened at $239.07 on Friday. 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 Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock’s 50 day moving average is $237.56 and its two-hundred day moving average is $234.03. The company has a market capitalization of $3.59 trillion, a PE ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 return on equity of 160.83% and a net margin of 24.30%. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

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.