Donor Advised Charitable Giving Inc. Has $2.05 Million Position in Apple Inc. (NASDAQ:AAPL)

Donor Advised Charitable Giving Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,173 shares of the iPhone maker’s stock after buying an additional 73 shares during the quarter. Apple makes up approximately 0.0% of Donor Advised Charitable Giving Inc.’s portfolio, making the stock its 14th biggest position. Donor Advised Charitable Giving Inc.’s holdings in Apple were worth $2,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. O Connor Financial Group LLC lifted its position in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after acquiring an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after acquiring an additional 46 shares in the last quarter. Menard Financial Group LLC lifted its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after acquiring an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after acquiring an additional 48 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Apple stock opened at $239.07 on Friday. 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 firm has a 50-day moving average of $237.56 and a 200-day moving average of $234.03. The firm has a market cap of $3.59 trillion, a P/E ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio is currently 15.87%.

Insider Transactions at Apple

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

Wall Street Analyst Weigh In

Several research firms have issued reports on AAPL. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Monday, March 3rd. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Finally, Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.88.

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.