Genesis Private Wealth LLC Buys Shares of 5,441 Apple Inc. (NASDAQ:AAPL)

Genesis Private Wealth LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,441 shares of the iPhone maker’s stock, valued at approximately $1,363,000.

Several other institutional investors have also modified their holdings of AAPL. Manchester Global Management UK Ltd acquired a new stake in Apple in the second quarter worth about $27,907,000. Samlyn Capital LLC lifted its holdings in Apple by 138.8% in the second quarter. Samlyn Capital LLC now owns 641,283 shares of the iPhone maker’s stock worth $135,067,000 after purchasing an additional 372,683 shares during the period. Mill Creek Capital Advisors LLC lifted its holdings in Apple by 5.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 171,933 shares of the iPhone maker’s stock valued at $36,213,000 after acquiring an additional 8,372 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in Apple by 2.4% in the 2nd quarter. Wulff Hansen & CO. now owns 10,844 shares of the iPhone maker’s stock valued at $2,284,000 after acquiring an additional 255 shares during the last quarter. Finally, Semmax Financial Advisors Inc. lifted its holdings in Apple by 67.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 2,297 shares of the iPhone maker’s stock valued at $509,000 after acquiring an additional 925 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $220.84 on Wednesday. The stock has a market cap of $3.32 trillion, a price-to-earnings ratio of 35.05, a PEG 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. 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 has a fifty day moving average price of $236.47 and a 200 day moving average price of $234.12.

Apple (NASDAQ:AAPL) last announced its quarterly 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 return on equity of 160.83% and a net margin of 24.30%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AAPL shares. Barclays upped their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Raymond James upped their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Finally, Maxim Group upped their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.