14,187 Shares in Apple Inc. (NASDAQ:AAPL) Bought by PUREfi Wealth LLC

PUREfi Wealth LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 14,187 shares of the iPhone maker's stock, valued at approximately $3,553,000. Apple comprises approximately 3.5% of PUREfi Wealth LLC's holdings, making the stock its 4th biggest holding.

A number of other large investors have also recently made changes to their positions in the business. Drystone LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC boosted its position 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 valued at $36,000 after purchasing an additional 111 shares in the last quarter. Life Planning Partners Inc purchased a new position in Apple during the fourth quarter valued at $47,000. SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter worth $77,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Evercore ISI raised their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. UBS Group reduced their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, KeyCorp upgraded shares of Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $235.25.

Apple Price Performance

NASDAQ:AAPL traded up $6.09 during trading hours on Wednesday, hitting $205.83. 13,793,166 shares of the stock traded hands, compared to its average volume of 56,640,486. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 1 year low of $164.92 and a 1 year high of $260.10. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The stock has a 50 day moving average price of $217.94 and a 200 day moving average price of $229.69.

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

Apple Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

About Apple

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.