Abundance Wealth Counselors Grows Position in Apple Inc. (NASDAQ:AAPL)

Abundance Wealth Counselors lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,034 shares of the iPhone maker’s stock after acquiring an additional 1,680 shares during the quarter. Apple makes up about 3.1% of Abundance Wealth Counselors’ portfolio, making the stock its 6th biggest holding. Abundance Wealth Counselors’ holdings in Apple were worth $14,282,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Drystone LLC acquired a new stake in Apple during the fourth quarter worth approximately $25,000. Bull Oak Capital LLC lifted 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 worth $36,000 after purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL opened at $217.90 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.27 trillion, a PE ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The business has a 50-day simple moving average of $230.70 and a two-hundred day simple moving average of $233.35.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Sanford C. Bernstein lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, UBS Group increased their price target on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.52.

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.