RVW Wealth LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 40.3% 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 118,321 shares of the iPhone maker's stock after purchasing an additional 33,993 shares during the quarter. Apple comprises 2.8% of RVW Wealth LLC's holdings, making the stock its 10th largest holding. RVW Wealth LLC's holdings in Apple were worth $29,630,000 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. AMF Tjanstepension AB grew its stake in Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock worth $787,631,000 after buying an additional 588,427 shares during the last quarter. First PREMIER Bank boosted its holdings in Apple by 1.7% in the third quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker's stock worth $21,778,000 after acquiring an additional 1,551 shares in the last quarter. Barlow Wealth Partners Inc. grew its stake in shares of Apple by 0.4% during the third quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker's stock worth $26,356,000 after acquiring an additional 524 shares during the last quarter. Great Oak Capital Partners LLC increased its holdings in shares of Apple by 1.4% during the third quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker's stock valued at $1,129,000 after acquiring an additional 70 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. increased its holdings in shares of Apple by 5.3% during the third quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker's stock valued at $7,646,000 after acquiring an additional 1,656 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Bank of America boosted their target price on shares of Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research report on Wednesday, February 19th. Argus upgraded Apple to a "strong-buy" rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.52.
Get Our Latest Research Report on AAPL
Apple Price Performance
Shares of NASDAQ:AAPL traded down $5.95 during midday trading on Friday, reaching $217.90. 39,775,695 shares of the company's stock traded hands, compared to its average volume of 54,852,651. The company has a fifty day simple moving average of $230.70 and a two-hundred day simple moving average of $233.35. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a market cap of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is 15.87%.
Apple Profile
(
Free Report)
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.
Featured Articles
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
