Apple Inc. (NASDAQ:AAPL) is TLW Wealth Management LLC’s 5th Largest Position

TLW Wealth Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,544 shares of the iPhone maker’s stock after selling 401 shares during the period. Apple makes up about 8.3% of TLW Wealth Management LLC’s holdings, making the stock its 5th biggest position. TLW Wealth Management LLC’s holdings in Apple were worth $13,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. AMF Tjanstepension AB increased its position in shares of Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after purchasing an additional 588,427 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its holdings in shares of Apple by 49.5% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 4,168 shares of the iPhone maker’s stock worth $971,000 after buying an additional 1,380 shares during the last quarter. Reliant Investment Management LLC raised its position in shares of Apple by 0.8% during the 3rd quarter. Reliant Investment Management LLC now owns 44,787 shares of the iPhone maker’s stock valued at $10,435,000 after buying an additional 359 shares in the last quarter. Trust Co of Kansas lifted its holdings in shares of Apple by 7.2% during the 3rd quarter. Trust Co of Kansas now owns 42,829 shares of the iPhone maker’s stock worth $9,979,000 after acquiring an additional 2,865 shares during the last quarter. Finally, Brookstone Capital Management grew its position in Apple by 2.6% in the third quarter. Brookstone Capital Management now owns 583,413 shares of the iPhone maker’s stock worth $135,935,000 after acquiring an additional 14,969 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $223.75 on Wednesday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The stock’s 50-day simple moving average is $231.35 and its 200-day simple moving average is $233.43.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AAPL shares. Barclays raised their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, Citigroup raised their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.