Diversify Wealth Management LLC Purchases 37,036 Shares of Apple Inc. (NASDAQ:AAPL)

Diversify Wealth Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 57.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,959 shares of the iPhone maker’s stock after purchasing an additional 37,036 shares during the quarter. Apple makes up 1.9% of Diversify Wealth Management LLC’s holdings, making the stock its 6th biggest position. Diversify Wealth Management LLC’s holdings in Apple were worth $23,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smart Money Group LLC raised its stake in Apple by 8.8% during the fourth quarter. Smart Money Group LLC now owns 7,291 shares of the iPhone maker’s stock worth $1,826,000 after purchasing an additional 592 shares during the period. Ellsworth Advisors LLC lifted its holdings in Apple by 2.7% during the 4th quarter. Ellsworth Advisors LLC now owns 35,163 shares of the iPhone maker’s stock worth $8,806,000 after buying an additional 911 shares in the last quarter. RoundAngle Advisors LLC purchased a new stake in shares of Apple in the 4th quarter valued at approximately $5,365,000. Annex Advisory Services LLC increased its position in shares of Apple by 14.9% in the 4th quarter. Annex Advisory Services LLC now owns 343,025 shares of the iPhone maker’s stock valued at $85,900,000 after purchasing an additional 44,417 shares during the last quarter. Finally, Client 1ST Advisory Group LLC purchased a new position in shares of Apple in the 4th quarter valued at $3,157,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 1.6 %

Shares of AAPL stock opened at $239.07 on Friday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average price is $237.56 and its 200-day moving average price is $234.03. The stock has a market capitalization of $3.59 trillion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Evercore ISI raised their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of Apple in a report on Friday, January 31st. Barclays raised their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.