Eagle Wealth Strategies LLC Grows Stock Position in Apple Inc. (NASDAQ:AAPL)

Eagle Wealth Strategies LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,459 shares of the iPhone maker’s stock after purchasing an additional 634 shares during the period. Apple makes up 1.7% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 9th biggest position. Eagle Wealth Strategies LLC’s holdings in Apple were worth $2,369,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Bull Oak Capital LLC grew its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc grew its holdings in 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 in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth $77,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.7 %

Apple stock opened at $216.98 on Thursday. The business has a fifty day moving average of $235.80 and a two-hundred day moving average of $234.00. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.26 trillion, a P/E ratio of 34.44, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AAPL shares. Evercore ISI upped their price objective on Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. Bank of America increased their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.22.

Apple 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.