Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Accel Wealth Management

Accel Wealth Management lifted its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,945 shares of the iPhone maker’s stock after buying an additional 202 shares during the period. Apple makes up 2.8% of Accel Wealth Management’s investment portfolio, making the stock its 3rd largest holding. Accel Wealth Management’s holdings in Apple were worth $7,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its position in Apple by 254.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock worth $22,543,000 after purchasing an additional 76,870 shares during the last quarter. HWG Holdings LP purchased a new position in Apple during the 2nd quarter worth $14,534,000. Next Capital Management LLC grew its position in Apple by 1.0% during the 2nd quarter. Next Capital Management LLC now owns 44,886 shares of the iPhone maker’s stock worth $9,454,000 after purchasing an additional 425 shares during the last quarter. Pathway Financial Advisers LLC grew its position in Apple by 1.3% during the 2nd quarter. Pathway Financial Advisers LLC now owns 24,338 shares of the iPhone maker’s stock worth $5,101,000 after purchasing an additional 306 shares during the last quarter. Finally, Truist Financial Corp grew its position in Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $213.49 on Monday. 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 market cap of $3.21 trillion, a P/E ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. The company has a 50-day moving average of $234.52 and a two-hundred day moving average of $233.82. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced 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 net margin of 24.30% and a return on equity of 160.83%. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley lowered their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. Finally, Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.22.

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.