3,200 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Level Wealth Management LLC

Level Wealth Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,200 shares of the iPhone maker's stock, valued at approximately $801,000. Apple makes up about 0.6% of Level Wealth Management LLC's investment portfolio, making the stock its 17th largest holding.

Other large investors have also recently bought and sold shares of the company. High Net Worth Advisory Group LLC lifted its stake in shares of Apple by 1.7% during 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 buying an additional 1,066 shares during the last quarter. Amara Financial LLC. bought a new position in Apple in the 3rd quarter valued at about $288,000. Sterling Investment Counsel LLC lifted its position in Apple by 3.8% during the third 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. Silicon Valley Capital Partners boosted its holdings in shares of Apple by 12.8% during the third 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 period. Finally, Catalyst Financial Partners LLC grew its position in shares of Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after purchasing an additional 3,935 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. Moffett Nathanson restated a "sell" rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their target price on shares of Apple to $275.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Barclays raised their price target on shares of Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Apple in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned 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 an average target price of $245.52.

Apple Stock Up 0.5 %

AAPL traded up $1.06 during mid-day trading on Tuesday, reaching $223.19. 36,357,553 shares of the stock were exchanged, compared to its average volume of 54,820,636. 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 quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $3.35 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average price of $230.54 and a two-hundred day moving average price of $233.42.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio 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.