Jamison Private Wealth Management Inc. Has $34.04 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Jamison Private Wealth Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 16.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,943 shares of the iPhone maker’s stock after purchasing an additional 19,110 shares during the quarter. Apple comprises approximately 5.0% of Jamison Private Wealth Management Inc.’s portfolio, making the stock its biggest holding. Jamison Private Wealth Management Inc.’s holdings in Apple were worth $34,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% in 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. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the third quarter valued at approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAPL. Evercore ISI raised their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Moffett Nathanson reaffirmed 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, UBS Group raised their target price on shares of Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Down 0.6 %

Shares of Apple stock opened at $212.69 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. The company’s 50 day moving average price is $233.31 and its 200-day moving average price is $233.60.

Apple (NASDAQ:AAPL) last issued 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 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 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. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) 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.