KWB Wealth Has $3.55 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

KWB Wealth lifted its position in Apple Inc. (NASDAQ:AAPL) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,414 shares of the iPhone maker’s stock after buying an additional 4,576 shares during the period. Apple comprises 0.5% of KWB Wealth’s holdings, making the stock its 29th largest position. KWB Wealth’s holdings in Apple were worth $3,545,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AAPL. Atlantic Private Wealth LLC bought a new stake in shares of Apple in the 1st quarter valued at $30,000. Wyrmwood Management LLC increased its holdings in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Summit Wealth Group LLC increased its holdings in Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC increased its holdings in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Finally, West Tower Group LLC bought a new position in Apple during the 2nd quarter worth about $64,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.7 %

Shares of NASDAQ:AAPL opened at $169.71 on Wednesday. The company has a fifty day moving average of $181.96 and a 200-day moving average of $182.79. The company has a market capitalization of $2.62 trillion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $155.98 and a 52-week high of $199.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the business earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is 14.95%.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Barclays lowered their target price on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. lowered their target price on Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $225.00 target price on shares of Apple in a report on Friday, February 16th. DA Davidson assumed coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Finally, UBS Group restated a “hold” rating and set a $190.00 price objective on shares of Apple in a research note on Monday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $205.27.

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.