M Wealth Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 8,296 shares of the iPhone maker's stock, valued at approximately $2,078,000. Apple comprises about 1.9% of M Wealth Management LLC's holdings, making the stock its 11th largest position.
Several other institutional investors also recently bought and sold shares of the company. Drystone LLC acquired a new position in Apple during the fourth quarter worth $25,000. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after acquiring an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the 3rd quarter worth $71,000. Christopher J. Hasenberg Inc grew its stake in shares of 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 purchasing an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the 3rd quarter valued at about $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on AAPL. Argus raised shares of Apple to a "strong-buy" rating in a report on Friday, January 31st. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Morgan Stanley lowered their price target on Apple from $275.00 to $252.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Maxim Group raised their price objective on Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Finally, Wedbush reiterated an "outperform" rating and set a $325.00 target price on shares of Apple in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.52.
Check Out Our Latest Stock Analysis on AAPL
Apple Trading Down 2.7 %
Shares of AAPL traded down $5.95 during mid-day trading on Friday, reaching $217.90. The company had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $230.70 and a 200-day simple moving average of $233.35. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last issued its 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 return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.
About Apple
(
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.
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