Greenup Street Wealth Management LLC Grows Position in Apple Inc. (NASDAQ:AAPL)

Greenup Street Wealth Management LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,036 shares of the iPhone maker’s stock after purchasing an additional 282 shares during the quarter. Apple makes up 1.4% of Greenup Street Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Greenup Street Wealth Management LLC’s holdings in Apple were worth $7,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. AMF Tjanstepension AB raised its stake 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 buying an additional 588,427 shares in the last quarter. Czech National Bank raised its position in shares of Apple by 12.8% during the 3rd quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock worth $721,658,000 after purchasing an additional 350,505 shares during the period. Curated Wealth Partners LLC raised its position in shares of Apple by 5.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 53,013 shares of the iPhone maker’s stock worth $12,352,000 after purchasing an additional 2,913 shares during the period. Arkansas Financial Group Inc. increased its position in Apple by 46.8% in the 3rd quarter. Arkansas Financial Group Inc. now owns 6,863 shares of the iPhone maker’s stock valued at $1,599,000 after acquiring an additional 2,187 shares during the period. Finally, Quent Capital LLC increased its position in Apple by 6.6% in the 3rd quarter. Quent Capital LLC now owns 137,845 shares of the iPhone maker’s stock valued at $32,042,000 after acquiring an additional 8,483 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $218.27 on Friday. The stock has a fifty day moving average of $231.82 and a 200-day moving average of $233.26. The firm has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAPL. Rosenblatt Securities restated a “buy” rating and issued a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Maxim Group raised their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company raised their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Barclays raised their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research 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.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.