Apple Inc. (NASDAQ:AAPL) Shares Bought by Spire Wealth Management

Spire Wealth Management lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 558,254 shares of the iPhone maker’s stock after acquiring an additional 28,404 shares during the quarter. Apple comprises approximately 4.3% of Spire Wealth Management’s holdings, making the stock its 2nd largest position. Spire Wealth Management’s holdings in Apple were worth $139,798,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Drystone LLC bought a new stake in Apple during the fourth quarter worth approximately $25,000. Bull Oak Capital LLC lifted its stake 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 buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the 3rd quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new position in Apple in the 3rd quarter worth $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays upped their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, nine 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

Apple Trading Down 2.7 %

NASDAQ AAPL opened at $217.90 on Monday. 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 Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. The stock has a 50-day simple moving average of $230.70 and a 200 day simple moving average of $233.43.

Apple (NASDAQ:AAPL) last announced its quarterly 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%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. 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 presently 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.