Great Point Wealth Advisors LLC Buys 78 Shares of Apple Inc. (NASDAQ:AAPL)

Great Point Wealth Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 19,799 shares of the iPhone maker’s stock after acquiring an additional 78 shares during the period. Apple makes up approximately 1.1% of Great Point Wealth Advisors LLC’s holdings, making the stock its 21st largest holding. Great Point Wealth Advisors LLC’s holdings in Apple were worth $4,958,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Drystone LLC purchased a new position in shares of Apple in the fourth quarter worth approximately $25,000. Bull Oak Capital LLC increased its holdings in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the 3rd quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. Citigroup lifted their target price on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Raymond James increased their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Barclays raised their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.52.

Apple Price Performance

Apple stock opened at $217.90 on Monday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $230.70 and a 200-day moving average price of $233.43. The firm has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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 net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

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.