GWM Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,157 shares of the iPhone maker’s stock after acquiring an additional 5,342 shares during the period. Apple accounts for about 1.8% of GWM Advisors LLC’s holdings, making the stock its 4th biggest position. GWM Advisors LLC’s holdings in Apple were worth $44,681,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. MV Capital Management Inc. boosted its stake in shares of Apple by 0.3% during the 3rd quarter. MV Capital Management Inc. now owns 12,671 shares of the iPhone maker’s stock worth $2,838,000 after acquiring an additional 35 shares in the last quarter. Searcy Financial Services Inc. ADV boosted its stake in shares of Apple by 3.3% during the 4th quarter. Searcy Financial Services Inc. ADV now owns 1,202 shares of the iPhone maker’s stock worth $353,000 after acquiring an additional 38 shares in the last quarter. Concentrum Wealth Management boosted its stake in shares of Apple by 0.4% during the 4th quarter. Concentrum Wealth Management now owns 10,572 shares of the iPhone maker’s stock worth $3,104,000 after acquiring an additional 40 shares in the last quarter. Towerpoint Wealth LLC boosted its stake in shares of Apple by 1.8% during the 4th quarter. Towerpoint Wealth LLC now owns 2,451 shares of the iPhone maker’s stock worth $720,000 after acquiring an additional 43 shares in the last quarter. Finally, Asset Advisors Investment Management LLC boosted its stake in shares of Apple by 2.6% during the 4th quarter. Asset Advisors Investment Management LLC now owns 1,769 shares of the iPhone maker’s stock worth $553,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 60.28% of the company’s stock.
Shares of Apple stock opened at $324.87 on Friday. The business has a 50-day moving average of $310.05 and a 200-day moving average of $254.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.60 and a quick ratio of 1.56. The company has a market capitalization of $1,425.66 billion, a PE ratio of 25.66, a P/E/G ratio of 2.23 and a beta of 1.29. Apple Inc. has a 1-year low of $169.38 and a 1-year high of $327.85.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.45. The company had revenue of $91.80 billion during the quarter, compared to the consensus estimate of $88.41 billion. Apple had a return on equity of 60.19% and a net margin of 21.49%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $4.18 earnings per share. On average, equities analysts expect that Apple Inc. will post 13.75 earnings per share for the current fiscal year.
The firm 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 $0.77 per share. The ex-dividend date was Friday, February 7th. This represents a $3.08 annualized dividend and a dividend yield of 0.95%. Apple’s dividend payout ratio is presently 25.90%.
In other news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.11, for a total transaction of $434,573.19. Following the completion of the sale, the director now directly owns 1,134,712 shares in the company, valued at $345,077,266.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.
AAPL has been the topic of several research analyst reports. Monness Crespi & Hardt boosted their price target on Apple from $300.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Needham & Company LLC lowered Apple from a “strong-buy” rating to a “buy” rating and boosted their price target for the stock from $280.00 to $350.00 in a research note on Monday, January 6th. Cowen upped their target price on Apple from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Macquarie lowered Apple from an “outperform” rating to a “neutral” rating in a research note on Friday, January 3rd. Finally, Deutsche Bank reaffirmed a “neutral” rating and issued a $305.00 target price on shares of Apple in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $314.55.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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