Apple Inc. (NASDAQ:AAPL) Shares Purchased by Marshall Financial Group LLC

Marshall Financial Group LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,421 shares of the iPhone maker’s stock after purchasing an additional 3,126 shares during the period. Apple makes up 3.6% of Marshall Financial Group LLC’s holdings, making the stock its 5th largest position. Marshall Financial Group LLC’s holdings in Apple were worth $14,880,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its stake in shares of Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares during the last quarter. Amara Financial LLC. acquired a new position in shares of Apple during the 3rd quarter worth about $288,000. Sterling Investment Counsel LLC boosted its stake in shares of Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners boosted its stake in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in shares of Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after buying an additional 3,935 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.6 %

Shares of AAPL opened at $212.69 on Wednesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm’s 50 day moving average is $233.31 and its 200-day moving average is $233.60. The stock has a market capitalization of $3.20 trillion, a PE ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. 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 earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. 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 15.87%.

Analyst Ratings Changes

A number of research firms have recently commented on AAPL. UBS Group increased their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Raymond James raised their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $243.65.

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.