Legacy Financial Group LLC Acquires 102 Shares of Apple Inc. (NASDAQ:AAPL)

Legacy Financial Group LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 11,169 shares of the iPhone maker’s stock after buying an additional 102 shares during the period. Legacy Financial Group LLC’s holdings in Apple were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Boltwood Capital Management boosted its position in Apple by 3.9% in the third quarter. Boltwood Capital Management now owns 37,027 shares of the iPhone maker’s stock worth $8,627,000 after purchasing an additional 1,381 shares during the last quarter. Lowe Wealth Advisors LLC increased its stake in shares of Apple by 4.9% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 3,643 shares of the iPhone maker’s stock worth $849,000 after purchasing an additional 169 shares in the last quarter. AMF Tjanstepension AB lifted its position in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Czech National Bank grew its holdings in Apple by 12.8% during the third quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock valued at $721,658,000 after purchasing an additional 350,505 shares during the period. Finally, Unique Wealth LLC increased its position in Apple by 10.0% in the third quarter. Unique Wealth LLC now owns 21,504 shares of the iPhone maker’s stock worth $5,010,000 after buying an additional 1,951 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Raymond James lifted their price objective on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Maxim Group upped their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. UBS Group raised their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Citigroup upped their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.2 %

Shares of NASDAQ AAPL opened at $215.24 on Thursday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm has a 50-day simple moving average of $232.76 and a two-hundred day simple moving average of $233.47. The company has a market cap of $3.23 trillion, a P/E ratio of 34.17, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. Research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business 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 $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Apple Company Profile

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.