Stewardship Advisors LLC Buys 432 Shares of Apple Inc. (NASDAQ:AAPL)

Stewardship Advisors LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,221 shares of the iPhone maker’s stock after purchasing an additional 432 shares during the quarter. Stewardship Advisors LLC’s holdings in Apple were worth $2,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC grew its position in Apple by 252.3% during the 3rd 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 last quarter. Christopher J. Hasenberg Inc lifted its stake in shares of 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 buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in Apple in the 3rd quarter worth $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $214.00 on Tuesday. 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 company has a fifty day simple moving average of $233.90 and a 200-day simple moving average of $233.71. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. Maxim Group upped their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Evercore ISI raised their target price on shares of Apple to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Friday. Finally, 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, March 12th. Four equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.