Rosenberg Matthew Hamilton Purchases 53 Shares of Apple Inc. (NASDAQ:AAPL)

Rosenberg Matthew Hamilton increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,330 shares of the iPhone maker’s stock after buying an additional 53 shares during the period. Apple comprises approximately 0.7% of Rosenberg Matthew Hamilton’s holdings, making the stock its 23rd largest holding. Rosenberg Matthew Hamilton’s holdings in Apple were worth $2,837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Signal Advisors Wealth LLC increased its holdings in Apple by 7.3% during the fourth quarter. Signal Advisors Wealth LLC now owns 40,991 shares of the iPhone maker’s stock valued at $10,265,000 after buying an additional 2,794 shares during the period. Arbor Wealth Advisors LLC boosted its position in Apple by 13.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 1,657 shares of the iPhone maker’s stock valued at $415,000 after acquiring an additional 200 shares in the last quarter. Ayrshire Capital Management LLC increased its holdings in shares of Apple by 15.3% in the 4th quarter. Ayrshire Capital Management LLC now owns 39,077 shares of the iPhone maker’s stock valued at $9,786,000 after acquiring an additional 5,178 shares during the period. Shira Ridge Wealth Management increased its holdings in shares of Apple by 0.3% in the 4th quarter. Shira Ridge Wealth Management now owns 29,670 shares of the iPhone maker’s stock valued at $7,430,000 after acquiring an additional 91 shares during the period. Finally, Horizon Bancorp Inc. IN raised its position in shares of Apple by 1.8% in the 4th quarter. Horizon Bancorp Inc. IN now owns 4,970 shares of the iPhone maker’s stock worth $1,245,000 after acquiring an additional 86 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 0.6 %

Shares of AAPL opened at $247.10 on Tuesday. The company has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock’s 50-day moving average price is $240.39 and its 200-day moving average price is $233.12. 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 released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 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%. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AAPL. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price target on shares of Apple in a report on Monday, January 27th. Barclays lifted their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Four 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.