Rolek Wealth Management LLC Purchases Shares of 2,680 Apple Inc. (NASDAQ:AAPL)

Rolek Wealth Management LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,680 shares of the iPhone maker's stock, valued at approximately $671,000. Apple comprises 0.5% of Rolek Wealth Management LLC's holdings, making the stock its 6th biggest holding.

A number of other institutional investors have also made changes to their positions in AAPL. Point72 Hong Kong Ltd bought a new stake in Apple during the 2nd quarter worth about $23,335,000. Point72 Europe London LLP bought a new stake in Apple during the 2nd quarter worth about $14,449,000. Blankinship & Foster LLC raised its holdings in Apple by 3.1% during the 2nd quarter. Blankinship & Foster LLC now owns 29,036 shares of the iPhone maker's stock worth $6,116,000 after purchasing an additional 883 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in Apple by 254.9% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker's stock worth $22,543,000 after purchasing an additional 76,870 shares during the last quarter. Finally, ELCO Management Co. LLC raised its holdings in Apple by 5.8% during the 2nd quarter. ELCO Management Co. LLC now owns 33,331 shares of the iPhone maker's stock worth $7,020,000 after purchasing an additional 1,814 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL traded down $7.30 during trading hours on Thursday, reaching $209.68. The company's stock had a trading volume of 61,203,506 shares, compared to its average volume of 53,392,156. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company's 50-day moving average is $235.80 and its 200-day moving average is $234.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.15 trillion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is 15.87%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AAPL. TD Cowen restated a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Moffett Nathanson restated a "sell" rating and set a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four investment 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $243.22.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value 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 $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Apple Company 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.