Lifestyle Asset Management Inc. Acquires 203 Shares of Apple Inc. (NASDAQ:AAPL)

Lifestyle Asset Management Inc. grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,195 shares of the iPhone maker’s stock after acquiring an additional 203 shares during the period. Apple accounts for approximately 1.1% of Lifestyle Asset Management Inc.’s holdings, making the stock its 15th largest position. Lifestyle Asset Management Inc.’s holdings in Apple were worth $2,052,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Bull Oak Capital LLC grew its position in shares of 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 acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter valued at about $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the 3rd quarter valued at about $71,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during 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 during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth approximately $77,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AAPL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Maxim Group upped their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Evercore ISI increased their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.22.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $213.49 on Friday. 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 $3.21 trillion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company’s 50 day simple moving average is $234.52 and its 200 day simple moving average is $233.73.

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, beating 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%. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company’s stock.

About Apple

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.