Traveka Wealth LLC Boosts Stake in Apple Inc. (NASDAQ:AAPL)

Traveka Wealth LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,817 shares of the iPhone maker’s stock after buying an additional 1,987 shares during the period. Apple makes up 3.7% of Traveka Wealth LLC’s investment portfolio, making the stock its 4th biggest holding. Traveka Wealth LLC’s holdings in Apple were worth $6,715,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bull Oak Capital LLC grew 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 in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter worth $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $245.55 on Monday. The stock has a market cap of $3.69 trillion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm’s 50-day simple moving average is $240.47 and its two-hundred day simple moving average is $232.88.

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%. Analysts anticipate 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Maxim Group lifted their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a report on Friday. Bank of America lifted their price objective on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley set a $275.00 price target on shares of Apple in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $244.85.

Apple Company 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.