JDH Wealth Management LLC Takes $2.62 Million Position in Apple Inc. (NASDAQ:AAPL)

JDH Wealth Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,478 shares of the iPhone maker’s stock, valued at approximately $2,624,000. Apple makes up approximately 2.3% of JDH Wealth Management LLC’s investment portfolio, making the stock its 13th largest position.

A number of other hedge funds also recently modified their holdings of AAPL. AMF Tjanstepension AB raised its holdings in shares of Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Czech National Bank grew its position in Apple by 12.8% during the third quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock worth $721,658,000 after buying an additional 350,505 shares in the last quarter. Curated Wealth Partners LLC grew its position in Apple by 5.8% during the third quarter. Curated Wealth Partners LLC now owns 53,013 shares of the iPhone maker’s stock worth $12,352,000 after buying an additional 2,913 shares in the last quarter. Arkansas Financial Group Inc. grew its position in Apple by 46.8% during the third quarter. Arkansas Financial Group Inc. now owns 6,863 shares of the iPhone maker’s stock worth $1,599,000 after buying an additional 2,187 shares in the last quarter. Finally, Quent Capital LLC grew its position in Apple by 6.6% during the third quarter. Quent Capital LLC now owns 137,845 shares of the iPhone maker’s stock worth $32,042,000 after buying an additional 8,483 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Friday, March 14th. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, ten have assigned 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 presently has an average rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.9 %

Shares of AAPL stock opened at $218.27 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50-day moving average is $231.82 and its 200-day moving average is $233.26. The stock has a market cap of $3.28 trillion, a price-to-earnings ratio of 34.65, 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 issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. 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 0.46%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

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.