Apple Inc. (NASDAQ:AAPL) Position Boosted by Selective Wealth Management Inc.

Selective Wealth Management Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,692 shares of the iPhone maker’s stock after acquiring an additional 303 shares during the period. Apple accounts for about 2.7% of Selective Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Selective Wealth Management Inc.’s holdings in Apple were worth $6,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter valued at approximately $77,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AAPL shares. Morgan Stanley set a $275.00 target price on shares of Apple in a report on Tuesday, February 11th. UBS Group boosted their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI upped their target price on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.88.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $238.03 on Tuesday. The stock has a fifty day moving average of $239.26 and a 200-day moving average of $233.85. The company has a market capitalization of $3.58 trillion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results 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, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business 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 0.42%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.