Envision Financial LLC Purchases Shares of 2,043 Apple Inc. (NASDAQ:AAPL)

Envision Financial LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,043 shares of the iPhone maker’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the 3rd 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 in the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth $77,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Apple stock opened at $245.55 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The business has a fifty day moving average price of $240.47 and a 200-day moving average price of $232.55. 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 firm has a market capitalization of $3.69 trillion, a P/E ratio of 38.98, a PEG ratio of 2.43 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the 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 sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Raymond James boosted their price target on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Evercore ISI upped their price target on Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

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.