Apple Inc. (NASDAQ:AAPL) is LexAurum Advisors LLC’s 3rd Largest Position

LexAurum Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,450 shares of the iPhone maker’s stock after purchasing an additional 285 shares during the quarter. Apple makes up approximately 3.4% of LexAurum Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. LexAurum Advisors LLC’s holdings in Apple were worth $17,141,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Bull Oak Capital LLC raised its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter worth about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

NASDAQ:AAPL opened at $213.49 on Friday. The firm has a market cap of $3.21 trillion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average of $234.52 and a two-hundred day moving average of $233.77. Apple Inc. has a 12 month low of $164.08 and a 12 month 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.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple’s dividend payout ratio is presently 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Raymond James lifted their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Monness Crespi & Hardt increased their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Friday. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Four 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.22.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s 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 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 is accessible through this link. 0.06% of the stock is currently owned by company insiders.

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.