Unique Wealth LLC Purchases 1,755 Shares of Apple Inc. (NASDAQ:AAPL)

Unique Wealth LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,011 shares of the iPhone maker’s stock after buying an additional 1,755 shares during the period. Apple accounts for approximately 1.1% of Unique Wealth LLC’s holdings, making the stock its 17th biggest position. Unique Wealth LLC’s holdings in Apple were worth $3,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Apple in the 4th quarter valued at $560,388,000. BluePath Capital Management LLC boosted its holdings in Apple by 52.9% in the 4th quarter. BluePath Capital Management LLC now owns 17,436 shares of the iPhone maker’s stock valued at $3,246,000 after purchasing an additional 6,033 shares during the period. Droms Strauss Advisors Inc. MO ADV boosted its holdings in Apple by 20.0% in the 4th quarter. Droms Strauss Advisors Inc. MO ADV now owns 19,058 shares of the iPhone maker’s stock valued at $3,669,000 after purchasing an additional 3,179 shares during the period. BKM Wealth Management LLC acquired a new position in shares of Apple in the 4th quarter valued at $8,445,000. Finally, Prentice Wealth Management LLC raised its stake in shares of Apple by 22.7% in the 4th quarter. Prentice Wealth Management LLC now owns 13,601 shares of the iPhone maker’s stock valued at $2,619,000 after buying an additional 2,519 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Down 1.1 %

Shares of NASDAQ:AAPL opened at $171.48 on Friday. Apple Inc. has a one year low of $159.35 and a one year high of $199.62. The company has a 50 day moving average of $181.50 and a 200-day moving average of $182.66. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.05 and a beta of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAPL shares. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. DA Davidson started coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective for the company. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. Barclays dropped their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Finally, UBS Group restated a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have given 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, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $204.53.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

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.