Floyd Financial Group LLC Acquires New Holdings in Apple Inc. (NASDAQ:AAPL)

Floyd Financial Group LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,421 shares of the iPhone maker’s stock, valued at approximately $4,363,000. Apple accounts for 3.6% of Floyd Financial Group LLC’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bull Oak Capital LLC lifted its position in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter valued at about $42,000. SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter valued at about $71,000. Christopher J. Hasenberg Inc raised its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the third quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Apple Trading Down 0.0 %

Shares of AAPL opened at $247.04 on Wednesday. The firm has a fifty day simple moving average of $240.26 and a two-hundred day simple moving average of $233.34. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market capitalization of $3.71 trillion, a P/E ratio of 39.21, a PEG 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 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%. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. 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 (DPR) is presently 15.87%.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 sale, the chief operating officer now owns 389,944 shares in the company, 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 legal filing with the SEC, which is available at this link. 0.06% of the stock is owned by corporate insiders.

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.