Mitchell & Pahl Private Wealth LLC Has $7.53 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Mitchell & Pahl Private Wealth LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,066 shares of the iPhone maker’s stock after acquiring an additional 141 shares during the period. Apple accounts for 3.5% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its biggest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Apple were worth $7,529,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bull Oak Capital LLC grew its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple in the 3rd quarter valued at about $77,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several research reports. Bank of America raised their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 price objective on shares of Apple in a research report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Raymond James raised their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Four research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.88.

Apple Price Performance

Shares of AAPL opened at $239.07 on Monday. The firm has a market cap of $3.59 trillion, a PE ratio of 37.95, a PEG ratio of 2.44 and a beta of 1.18. The firm’s 50 day moving average price is $237.56 and its 200 day moving average price is $234.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

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, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. 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 presently 15.87%.

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.