Muirfield Wealth Advisors LLC Buys 4,922 Shares of Apple Inc. (NASDAQ:AAPL)

Muirfield Wealth Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 54.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,002 shares of the iPhone maker’s stock after purchasing an additional 4,922 shares during the quarter. Apple accounts for approximately 2.9% of Muirfield Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. Muirfield Wealth Advisors LLC’s holdings in Apple were worth $3,506,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Drystone LLC acquired a new position in Apple in the fourth quarter worth $25,000. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the third 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 in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC bought a new stake in Apple during the 3rd quarter worth about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $223.19 on Wednesday. The company has a market capitalization of $3.35 trillion, a P/E ratio of 35.43, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company’s 50 day moving average price is $230.55 and its two-hundred day moving average price is $233.43.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Morgan Stanley lowered their target price on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four investment 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.