Navis Wealth Advisors LLC Acquires 61 Shares of Apple Inc. (NASDAQ:AAPL)

Navis Wealth Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,387 shares of the iPhone maker’s stock after buying an additional 61 shares during the quarter. Navis Wealth Advisors LLC’s holdings in Apple were worth $598,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. MKT Advisors LLC grew its position in Apple by 6.9% during the fourth quarter. MKT Advisors LLC now owns 13,754 shares of the iPhone maker’s stock valued at $3,163,000 after buying an additional 882 shares during the period. M3 Advisory Group LLC boosted its position in shares of Apple by 1.7% in the fourth quarter. M3 Advisory Group LLC now owns 17,525 shares of the iPhone maker’s stock worth $4,389,000 after purchasing an additional 289 shares during the period. Clarendon Private LLC bought a new position in shares of Apple in the fourth quarter worth approximately $6,085,000. Affinity Wealth Management LLC boosted its position in shares of Apple by 2.6% in the fourth quarter. Affinity Wealth Management LLC now owns 26,830 shares of the iPhone maker’s stock worth $6,719,000 after purchasing an additional 670 shares during the period. Finally, Crescent Grove Advisors LLC boosted its position in shares of Apple by 0.4% in the fourth quarter. Crescent Grove Advisors LLC now owns 80,667 shares of the iPhone maker’s stock worth $20,201,000 after purchasing an additional 309 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Evercore ISI upped their price target on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Price Performance

Apple stock opened at $212.69 on Wednesday. The firm has a 50-day moving average price of $233.31 and a 200-day moving average price of $233.60. The firm has a market capitalization of $3.20 trillion, a PE ratio of 33.76, a price-to-earnings-growth 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 Inc. has a 12-month low of $164.08 and a 12-month 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 net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company 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. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 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.