Apple Inc. (NASDAQ:AAPL) is Atomi Financial Group Inc.'s Largest Position

Atomi Financial Group Inc. grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 21.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 324,005 shares of the iPhone maker's stock after acquiring an additional 57,741 shares during the period. Apple accounts for approximately 4.1% of Atomi Financial Group Inc.'s investment portfolio, making the stock its biggest position. Atomi Financial Group Inc.'s holdings in Apple were worth $81,137,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AAPL. Fairscale Capital LLC acquired a new stake in shares of Apple during the second quarter worth $4,709,000. EverSource Wealth Advisors LLC grew its holdings in Apple by 8.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 206,360 shares of the iPhone maker's stock worth $45,828,000 after acquiring an additional 16,756 shares during the period. Edge Capital Group LLC raised its position in shares of Apple by 1.1% in the 2nd quarter. Edge Capital Group LLC now owns 113,328 shares of the iPhone maker's stock worth $23,869,000 after acquiring an additional 1,186 shares in the last quarter. Delos Wealth Advisors LLC lifted its stake in shares of Apple by 41.2% in the 2nd quarter. Delos Wealth Advisors LLC now owns 11,824 shares of the iPhone maker's stock valued at $2,490,000 after purchasing an additional 3,453 shares during the period. Finally, Certified Advisory Corp bought a new stake in shares of Apple during the 2nd quarter valued at about $16,612,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company's stock.

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Apple Stock Performance

Shares of NASDAQ AAPL traded down $6.64 during mid-day trading on Tuesday, hitting $220.84. The company had a trading volume of 76,063,516 shares, compared to its average volume of 53,395,048. 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 1 year low of $164.08 and a 1 year high of $260.10. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.44 and a beta of 1.18. The stock's 50-day moving average price is $237.06 and its 200-day moving average price is $234.16.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple's payout ratio is currently 15.87%.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Maxim Group increased their price target on Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a report on Wednesday, February 19th. Moffett Nathanson reaffirmed 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 increased their price objective on shares of Apple to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, UBS Group boosted their target price on Apple to $236.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have issued 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, Apple presently has an average rating of "Moderate Buy" and an average price target of $243.88.

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.