Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,818 shares of the iPhone maker's stock after purchasing an additional 7,262 shares during the quarter. Apple comprises about 4.3% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 5th largest position. Turtle Creek Wealth Advisors LLC's holdings in Apple were worth $18,486,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Drystone LLC bought a new position in shares of Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC increased its position in 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 acquiring an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the 3rd quarter worth about $77,000. Institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Morgan Stanley reduced their target price on Apple from $275.00 to $252.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. KeyCorp reissued an "underweight" rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research note on Wednesday, February 19th. Finally, Evercore ISI boosted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $245.52.

Remove Ads

Apple Stock Performance

AAPL traded down $0.29 on Monday, reaching $217.61. 7,740,349 shares of the stock were exchanged, compared to its average volume of 54,675,419. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company's 50-day moving average price is $230.70 and its 200 day moving average price is $233.43. The firm has a market capitalization of $3.27 trillion, a PE ratio of 34.50, a PEG ratio of 2.44 and a beta of 1.18. 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 released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

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.