Amplius Wealth Advisors LLC Purchases 600 Shares of Apple Inc. (NASDAQ:AAPL)

Amplius Wealth Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,763 shares of the iPhone maker’s stock after acquiring an additional 600 shares during the period. Apple makes up about 1.5% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Amplius Wealth Advisors LLC’s holdings in Apple were worth $14,966,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Simplify Asset Management Inc. bought a new position in shares of Apple in the second quarter worth about $210,000. WealthTrust Asset Management LLC grew its holdings in shares of Apple by 2.0% in the second quarter. WealthTrust Asset Management LLC now owns 16,940 shares of the iPhone maker’s stock worth $3,568,000 after purchasing an additional 331 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Apple by 26.4% in the second quarter. AE Wealth Management LLC now owns 1,639,277 shares of the iPhone maker’s stock worth $345,265,000 after purchasing an additional 341,961 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Apple by 2.3% in the second quarter. Pacer Advisors Inc. now owns 1,446,358 shares of the iPhone maker’s stock worth $304,632,000 after purchasing an additional 32,373 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Apple by 17.9% in the second quarter. Sei Investments Co. now owns 6,323,592 shares of the iPhone maker’s stock worth $1,331,874,000 after purchasing an additional 960,937 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Monday, March 3rd. Raymond James upped their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Barclays upped their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Insider Buying and Selling

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

Apple Price Performance

Apple stock opened at $239.07 on Friday. The company’s fifty day moving average price is $237.56 and its 200 day moving average price is $234.08. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The stock has a market capitalization of $3.59 trillion, a P/E ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18. 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 (NASDAQ:AAPL) last announced 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 net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.