Apple Inc. (NASDAQ:AAPL) Shares Bought by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,035 shares of the iPhone maker’s stock after acquiring an additional 227 shares during the quarter. Apple comprises approximately 1.1% of MBM Wealth Consultants LLC’s holdings, making the stock its 14th largest position. MBM Wealth Consultants LLC’s holdings in Apple were worth $3,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. State Street Corp raised its position in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC grew its holdings in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on AAPL shares. Morgan Stanley lowered their target price on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Moffett Nathanson restated a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Evercore ISI boosted their target price on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.22.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 1.7 %

Shares of AAPL opened at $216.98 on Thursday. 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 50 day simple moving average of $235.80 and a 200-day simple moving average of $234.00. The stock has a market cap of $3.26 trillion, a PE ratio of 34.44, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. 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.