Turtle Creek Wealth Advisors LLC Has $18.49 Million Stake in Apple Inc. (NASDAQ:AAPL)

Turtle Creek Wealth Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,818 shares of the iPhone maker’s stock after purchasing an additional 7,262 shares during the quarter. Apple makes up approximately 4.3% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Apple were worth $18,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB boosted its holdings in Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the period. TL Private Wealth raised its position in shares of Apple by 3.9% during the third quarter. TL Private Wealth now owns 3,583 shares of the iPhone maker’s stock valued at $794,000 after buying an additional 133 shares during the last quarter. Kelly Financial Services LLC lifted its stake in shares of Apple by 2.3% in the third quarter. Kelly Financial Services LLC now owns 17,147 shares of the iPhone maker’s stock valued at $3,995,000 after buying an additional 382 shares during the period. Morton Capital Management LLC CA increased its stake in Apple by 4.3% during the third quarter. Morton Capital Management LLC CA now owns 66,499 shares of the iPhone maker’s stock valued at $15,494,000 after acquiring an additional 2,719 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in Apple by 0.6% during the third quarter. Cypress Wealth Services LLC now owns 133,518 shares of the iPhone maker’s stock valued at $31,110,000 after acquiring an additional 817 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.0 %

Apple stock opened at $223.85 on Friday. The company has a fifty day simple moving average of $230.94 and a 200 day simple moving average of $233.28. 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 1-year low of $164.08 and a 1-year high of $260.10. The company has a market cap of $3.36 trillion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAPL shares. UBS Group lifted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Finally, Citigroup lifted their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.