21,340 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Safe Harbor Fiduciary LLC

Safe Harbor Fiduciary LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,340 shares of the iPhone maker's stock, valued at approximately $4,972,000. Apple makes up about 4.7% of Safe Harbor Fiduciary LLC's portfolio, making the stock its 4th largest position.

Several other hedge funds have also bought and sold shares of AAPL. International Assets Investment Management LLC lifted its stake in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. FMR LLC lifted its stake in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Apple by 14,145.8% in the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after buying an additional 7,558,826 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in Apple by 22,870.6% during the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock valued at $1,302,607,000 after purchasing an additional 5,566,250 shares during the period. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAPL. The Goldman Sachs Group increased their price objective on shares of Apple from $280.00 to $294.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on Apple to $275.00 and gave the company a "buy" rating in a report on Monday, December 9th. Barclays boosted their price target on Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Rosenblatt Securities reissued a "buy" rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Finally, Jefferies Financial Group cut shares of Apple from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $211.84 to $200.75 in a research note on Thursday, January 30th. Four 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. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $242.52.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Apple Price Performance

Apple stock opened at $227.63 on Monday. The firm has a 50-day moving average price of $241.26 and a 200-day moving average price of $231.04. The firm has a market capitalization of $3.42 trillion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple's dividend payout ratio (DPR) is presently 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.

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