Apple Inc. (NASDAQ:AAPL) is Waldron Private Wealth LLC’s 10th Largest Position

Waldron Private Wealth LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 200,559 shares of the iPhone maker’s stock after selling 1,144 shares during the period. Apple makes up 2.0% of Waldron Private Wealth LLC’s investment portfolio, making the stock its 10th largest position. Waldron Private Wealth LLC’s holdings in Apple were worth $50,224,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Scharf Investments LLC grew its position in Apple by 3.1% in the fourth quarter. Scharf Investments LLC now owns 17,296 shares of the iPhone maker’s stock worth $4,331,000 after acquiring an additional 527 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 27,728 shares of the iPhone maker’s stock worth $6,944,000 after purchasing an additional 143 shares in the last quarter. Brown Financial Advisory increased its position in shares of Apple by 31.7% during the 4th quarter. Brown Financial Advisory now owns 1,798 shares of the iPhone maker’s stock valued at $450,000 after purchasing an additional 433 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of Apple by 26.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 59,332 shares of the iPhone maker’s stock valued at $14,858,000 after buying an additional 12,501 shares in the last quarter. Finally, Stephenson & Company Inc. raised its holdings in shares of Apple by 1.6% during the 4th quarter. Stephenson & Company Inc. now owns 7,074 shares of the iPhone maker’s stock valued at $1,771,000 after buying an additional 110 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Bank of America increased their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Wells Fargo & Company raised their price objective on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, UBS Group boosted their target price on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Price Performance

AAPL opened at $217.90 on Friday. The firm has a market cap of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. The stock has a 50-day moving average price of $230.70 and a 200-day moving average price of $233.26. 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 data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) 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.