Fulcrum Capital LLC Acquires 49,413 Shares of Apple Inc. (NASDAQ:AAPL)

Fulcrum Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 44.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 160,032 shares of the iPhone maker's stock after purchasing an additional 49,413 shares during the period. Apple comprises approximately 8.4% of Fulcrum Capital LLC's holdings, making the stock its 2nd biggest holding. Fulcrum Capital LLC's holdings in Apple were worth $40,075,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AAPL. Bull Oak Capital LLC boosted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter worth about $77,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.1 %

Shares of NASDAQ:AAPL traded down $0.28 during midday trading on Friday, reaching $245.55. 53,102,300 shares of the company were exchanged, compared to its average volume of 49,742,392. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $240.47 and a two-hundred day simple moving average of $232.55. The firm has a market cap of $3.69 trillion, a PE ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple's payout ratio is 15.87%.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Sanford C. Bernstein increased their price target 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. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. Maxim Group raised their price target on Apple to $215.00 and gave the company a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $244.85.

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.