Apple Inc. (NASDAQ:AAPL) Shares Purchased by PBMares Wealth Management LLC

PBMares Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,793 shares of the iPhone maker’s stock after purchasing an additional 497 shares during the quarter. Apple accounts for 2.2% of PBMares Wealth Management LLC’s holdings, making the stock its 12th largest holding. PBMares Wealth Management LLC’s holdings in Apple were worth $10,716,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Drystone LLC purchased a new stake in Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in Apple in the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple during the third quarter worth about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 2.7 %

NASDAQ 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 capitalization of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a 50-day moving average price of $230.70 and a 200 day moving average price of $233.35.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Maxim Group boosted their price objective on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

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.