Premier Path Wealth Partners LLC Increases Stake in Apple Inc. (NASDAQ:AAPL)

Premier Path Wealth Partners LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 141,272 shares of the iPhone maker's stock after purchasing an additional 1,371 shares during the period. Apple comprises about 5.4% of Premier Path Wealth Partners LLC's investment portfolio, making the stock its biggest position. Premier Path Wealth Partners LLC's holdings in Apple were worth $35,377,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the second quarter worth approximately $42,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the third quarter worth approximately $71,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after buying an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company's stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AAPL shares. Needham & Company LLC restated a "buy" rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the company a "buy" rating in a report on Monday, December 9th. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Barclays boosted their price objective on shares of Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $243.88.

Apple Stock Performance

NASDAQ AAPL traded down $0.19 on Wednesday, hitting $235.74. 47,184,984 shares of the stock were exchanged, compared to its average volume of 53,560,264. The company has a market capitalization of $3.54 trillion, a PE ratio of 37.42, a P/E/G ratio of 2.44 and a beta of 1.20. The business's fifty day moving average is $238.81 and its 200 day moving average is $233.92. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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 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%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.