MA Private Wealth Purchases 364 Shares of Apple Inc. (NASDAQ:AAPL)

MA Private Wealth boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,144 shares of the iPhone maker’s stock after purchasing an additional 364 shares during the quarter. Apple comprises 0.7% of MA Private Wealth’s holdings, making the stock its 24th biggest position. MA Private Wealth’s holdings in Apple were worth $3,542,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its holdings 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 during the period. Fiduciary Financial Group LLC grew its holdings in shares of Apple by 3.0% in the 3rd quarter. Fiduciary Financial Group LLC now owns 174,987 shares of the iPhone maker’s stock valued at $39,507,000 after buying an additional 5,134 shares during the period. Mendota Financial Group LLC grew its holdings in shares of Apple by 3.8% in the 3rd quarter. Mendota Financial Group LLC now owns 2,311 shares of the iPhone maker’s stock valued at $538,000 after buying an additional 85 shares during the period. Family Wealth Partners LLC increased its position in shares of Apple by 5.2% in the 3rd quarter. Family Wealth Partners LLC now owns 3,257 shares of the iPhone maker’s stock valued at $759,000 after buying an additional 160 shares in the last quarter. Finally, Wynn Capital LLC lifted its holdings in shares of Apple by 1.0% during the 3rd quarter. Wynn Capital LLC now owns 31,366 shares of the iPhone maker’s stock valued at $7,308,000 after purchasing an additional 320 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Maxim Group boosted their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Wells Fargo & Company upped their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, nine 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 has a consensus rating of “Moderate Buy” and an average price target of $245.52.

Apple Stock Performance

Shares of Apple stock opened at $217.90 on Monday. The company’s 50 day moving average price is $230.70 and its two-hundred day moving average price is $233.43. The firm has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. 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 released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple 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.