SkyOak Wealth LLC Acquires 1,239 Shares of Apple Inc. (NASDAQ:AAPL)

SkyOak Wealth LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 92,577 shares of the iPhone maker’s stock after buying an additional 1,239 shares during the quarter. Apple makes up 5.0% of SkyOak Wealth LLC’s holdings, making the stock its 2nd biggest holding. SkyOak Wealth LLC’s holdings in Apple were worth $23,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. O Connor Financial Group LLC grew its holdings in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in shares of Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after purchasing an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its stake in Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after buying an additional 46 shares during the last quarter. Menard Financial Group LLC increased its position in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after acquiring an additional 48 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 2.7 %

AAPL stock opened at $217.90 on Monday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The stock has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average price of $230.70 and a two-hundred day moving average price of $233.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on AAPL shares. Barclays lifted their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Monness Crespi & Hardt upped their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. Raymond James increased their price target on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Finally, Morgan Stanley dropped their price objective on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

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.