Apple Inc. (NASDAQ:AAPL) Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,573 shares of the iPhone maker’s stock after purchasing an additional 523 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Apple were worth $3,649,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. High Net Worth Advisory Group LLC raised its stake in Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new position in Apple in the 3rd quarter worth $288,000. Truist Financial Corp raised its stake in Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares during the last quarter. Sterling Investment Counsel LLC raised its stake in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Finally, Silicon Valley Capital Partners raised its stake in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was 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 owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 3.4 %

Shares of Apple stock opened at $209.68 on Friday. The stock has a market cap of $3.15 trillion, a P/E ratio of 33.28, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s 50 day simple moving average is $235.12 and its 200-day simple moving average is $233.83. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Argus upgraded Apple to a “strong-buy” rating in a research note on Friday, January 31st. Morgan Stanley reduced their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group lifted their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein lifted their price objective on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $243.22.

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.