Greenhouse Wealth Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,207 shares of the iPhone maker’s stock after buying an additional 100 shares during the period. Apple makes up approximately 1.0% of Greenhouse Wealth Management LLC’s holdings, making the stock its 13th largest holding. Greenhouse Wealth Management LLC’s holdings in Apple were worth $1,554,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AAPL. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter valued at about $42,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter valued at about $71,000. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on AAPL shares. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Barclays increased their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a report on Friday, January 31st. Finally, Evercore ISI increased their price target on Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.88.
View Our Latest Report on Apple
Apple Trading Up 1.9 %
NASDAQ AAPL opened at $241.76 on Friday. The stock has a 50-day simple moving average of $239.60 and a 200 day simple moving average of $233.67. The company has a market capitalization of $3.63 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.44 and a beta of 1.20. 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 $164.07 and a 12 month high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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 business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 15.87%.
Insider Buying and Selling at Apple
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.
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.
See Also
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