Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,133 shares of the iPhone maker’s stock after purchasing an additional 443 shares during the quarter. Apple accounts for approximately 0.8% of Precision Wealth Strategies LLC’s holdings, making the stock its 22nd largest position. Precision Wealth Strategies LLC’s holdings in Apple were worth $1,035,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Morgan Stanley decreased their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $245.52.

Apple Trading Down 2.7 %

Shares of NASDAQ:AAPL opened at $217.90 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm has a fifty day moving average price of $230.70 and a 200 day moving average price of $233.35.

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

Apple Announces Dividend

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

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.