Tealwood Asset Management Inc. Buys 10,775 Shares of Apple Inc. (NASDAQ:AAPL)

Tealwood Asset Management Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 99.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,658 shares of the iPhone maker’s stock after buying an additional 10,775 shares during the period. Apple accounts for 2.2% of Tealwood Asset Management Inc.’s investment portfolio, making the stock its 2nd largest position. Tealwood Asset Management Inc.’s holdings in Apple were worth $5,424,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a report on Friday, January 31st. Bank of America upped their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.85.

Apple Price Performance

Shares of NASDAQ AAPL opened at $245.55 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The firm has a fifty day simple moving average of $240.47 and a 200 day simple moving average of $232.88. The company has a market capitalization of $3.69 trillion, a PE ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Insider Activity

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

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.