Fiduciary Advisors Inc. Buys Shares of 812 Apple Inc. (NASDAQ:AAPL)

Fiduciary Advisors Inc. purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 812 shares of the iPhone maker’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Drystone LLC purchased a new stake in Apple in the fourth quarter valued at about $25,000. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% during 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 in the last quarter. Christopher J. Hasenberg Inc raised its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America raised their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Raymond James raised their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Evercore ISI boosted their price target on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Sanford C. Bernstein raised their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Stock Down 1.0 %

AAPL opened at $221.53 on Thursday. 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 Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a market cap of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50-day moving average price of $231.03 and a 200 day moving average price of $233.35.

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

Apple Dividend Announcement

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

Apple Company 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.