TruWealth Advisors LLC Purchases 2,610 Shares of Apple Inc. (NASDAQ:AAPL)

TruWealth Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,162 shares of the iPhone maker's stock after purchasing an additional 2,610 shares during the quarter. Apple accounts for 2.8% of TruWealth Advisors LLC's investment portfolio, making the stock its 10th largest position. TruWealth Advisors LLC's holdings in Apple were worth $46,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Ameritas Advisory Services LLC increased its holdings in Apple by 148.6% during the 4th quarter. Ameritas Advisory Services LLC now owns 401,479 shares of the iPhone maker's stock valued at $100,538,000 after acquiring an additional 239,977 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Apple by 3.4% during the fourth quarter. HB Wealth Management LLC now owns 1,213,149 shares of the iPhone maker's stock worth $303,808,000 after buying an additional 39,867 shares in the last quarter. Sara Bay Financial grew its holdings in shares of Apple by 0.6% during the fourth quarter. Sara Bay Financial now owns 20,551 shares of the iPhone maker's stock worth $5,183,000 after buying an additional 132 shares in the last quarter. Financial & Tax Architects LLC grew its holdings in shares of Apple by 8.4% during the fourth quarter. Financial & Tax Architects LLC now owns 12,275 shares of the iPhone maker's stock worth $3,074,000 after buying an additional 949 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of Apple by 2.7% in the fourth quarter. Trust Co. of Vermont now owns 576,462 shares of the iPhone maker's stock worth $144,358,000 after acquiring an additional 15,361 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. Raymond James lifted their price target on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research note on Wednesday, February 19th. Sanford C. Bernstein lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Evercore ISI lifted their price objective on shares of Apple to $260.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, TD Cowen reiterated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $243.88.

Apple Trading Down 0.1 %

AAPL traded down $0.19 during midday trading on Wednesday, reaching $235.74. 47,184,984 shares of the company were exchanged, compared to its average volume of 53,560,264. 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 Inc. has a one year low of $164.08 and a one year high of $260.10. The stock has a market capitalization of $3.54 trillion, a P/E ratio of 37.42, a PEG ratio of 2.44 and a beta of 1.20. The stock's 50-day simple moving average is $238.81 and its 200 day simple moving average is $233.92.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is currently 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.

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.