Jeppson Wealth Management LLC Has $24.86 Million Stake in Apple Inc. (NASDAQ:AAPL)

Jeppson Wealth Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 99,288 shares of the iPhone maker’s stock after selling 593 shares during the quarter. Apple comprises approximately 9.0% of Jeppson Wealth Management LLC’s holdings, making the stock its largest position. Jeppson Wealth Management LLC’s holdings in Apple were worth $24,864,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp grew its position in Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares during the last quarter. FMR LLC boosted its stake in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

AAPL opened at $218.27 on Friday. The company has a fifty day moving average price of $231.82 and a two-hundred day moving average price of $233.33. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a market cap of $3.28 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AAPL. Wedbush reaffirmed an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Friday, March 14th. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.