Proathlete Wealth Management LLC Acquires 151 Shares of Apple Inc. (NASDAQ:AAPL)

Proathlete Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,952 shares of the iPhone maker’s stock after buying an additional 151 shares during the period. Proathlete Wealth Management LLC’s holdings in Apple were worth $989,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Bull Oak Capital LLC grew its stake in 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 during the last quarter. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% during 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 during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AAPL. UBS Group increased their price objective on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley cut their price target on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Four equities research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Performance

Apple stock opened at $218.27 on Friday. The business has a 50 day moving average of $231.82 and a 200-day moving average of $233.33. The company has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year 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.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. 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.