7,669 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,669 shares of the iPhone maker’s stock, valued at approximately $1,921,000. Apple makes up about 1.8% of Endeavor Private Wealth Inc.’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also bought and sold shares of AAPL. Peterson Wealth Advisors LLC raised its position in Apple by 2.5% during the fourth quarter. Peterson Wealth Advisors LLC now owns 12,757 shares of the iPhone maker’s stock valued at $3,104,000 after purchasing an additional 314 shares during the period. MinichMacGregor Wealth Management LLC increased its position in shares of Apple by 3.7% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 14,573 shares of the iPhone maker’s stock valued at $3,649,000 after purchasing an additional 523 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Apple by 8.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 30,362 shares of the iPhone maker’s stock valued at $7,603,000 after purchasing an additional 2,425 shares during the last quarter. Echo45 Advisors LLC raised its holdings in Apple by 3.1% during the 4th quarter. Echo45 Advisors LLC now owns 9,093 shares of the iPhone maker’s stock valued at $2,213,000 after buying an additional 271 shares during the period. Finally, Olistico Wealth LLC lifted its position in Apple by 1.7% in the fourth quarter. Olistico Wealth LLC now owns 62,732 shares of the iPhone maker’s stock worth $15,709,000 after buying an additional 1,078 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $209.68 on Friday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The firm’s fifty day simple moving average is $235.12 and its two-hundred day simple moving average is $233.83. 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 market capitalization of $3.15 trillion, a P/E ratio of 33.28, a P/E/G 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 (EPS) for the quarter, beating 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%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AAPL shares. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. DA Davidson set a $290.00 target price on Apple in a research report on Friday, January 31st. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Monday, March 3rd. Finally, Evercore ISI boosted their price objective on Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.22.

Insider Activity

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 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 approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

About Apple

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.