Apple Inc. (NASDAQ:AAPL) Shares Bought by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,818 shares of the iPhone maker’s stock after buying an additional 102 shares during the quarter. Apple accounts for approximately 0.4% of DiNuzzo Private Wealth Inc.’s holdings, making the stock its 26th biggest holding. DiNuzzo Private Wealth Inc.’s holdings in Apple were worth $3,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during 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. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the third quarter valued at $71,000. Christopher J. Hasenberg Inc lifted 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 in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the 3rd quarter worth about $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on AAPL shares. Evercore ISI upped their target price on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. KeyCorp reissued an “underweight” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. Finally, Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four 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 MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.9 %

Shares of NASDAQ:AAPL opened at $218.27 on Monday. The company has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average of $231.82 and a two-hundred day moving average of $233.42. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly 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 return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio 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.