Duncan Williams Asset Management LLC Buys 24,539 Shares of Apple Inc. (NASDAQ:AAPL)

Duncan Williams Asset Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 73.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,902 shares of the iPhone maker’s stock after purchasing an additional 24,539 shares during the quarter. Apple makes up about 5.7% of Duncan Williams Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Duncan Williams Asset Management LLC’s holdings in Apple were worth $14,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. TTP Investments Inc. raised its position in Apple by 4.0% in the 4th quarter. TTP Investments Inc. now owns 117,238 shares of the iPhone maker’s stock valued at $29,359,000 after purchasing an additional 4,561 shares during the last quarter. Precedent Wealth Partners LLC raised its position in Apple by 1.8% in the 4th quarter. Precedent Wealth Partners LLC now owns 20,540 shares of the iPhone maker’s stock valued at $5,144,000 after purchasing an additional 366 shares during the last quarter. Affiance Financial LLC raised its position in Apple by 1.3% in the 4th quarter. Affiance Financial LLC now owns 51,646 shares of the iPhone maker’s stock valued at $12,933,000 after purchasing an additional 669 shares during the last quarter. Jacksonville Wealth Management LLC bought a new stake in shares of Apple during the fourth quarter worth $4,595,000. Finally, Flagship Harbor Advisors LLC raised its position in shares of Apple by 0.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 229,871 shares of the iPhone maker’s stock worth $57,564,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Finally, Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Down 0.6 %

AAPL stock opened at $212.69 on Wednesday. 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 market capitalization of $3.20 trillion, a P/E ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. The business has a 50-day moving average of $233.31 and a 200-day moving average of $233.60. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

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.