Affiance Financial LLC Acquires 669 Shares of Apple Inc. (NASDAQ:AAPL)

Affiance Financial LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,646 shares of the iPhone maker’s stock after buying an additional 669 shares during the quarter. Apple accounts for about 3.1% of Affiance Financial LLC’s holdings, making the stock its 6th biggest position. Affiance Financial LLC’s holdings in Apple were worth $12,933,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AAPL shares. Maxim Group increased their target price on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Sanford C. Bernstein upped their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Evercore ISI lifted their price target on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Apple Stock Performance

Apple stock opened at $214.00 on Tuesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a fifty day moving average price of $233.90 and a two-hundred day moving average price of $233.71. The firm has a market capitalization of $3.21 trillion, a P/E ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18.

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

Apple Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Apple 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.