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

Thrive Wealth Management LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,445 shares of the iPhone maker’s stock after purchasing an additional 8,565 shares during the period. Apple makes up 2.6% of Thrive Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Thrive Wealth Management LLC’s holdings in Apple were worth $14,385,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bull Oak Capital LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at $42,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter worth $71,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter worth $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. DA Davidson set a $290.00 price objective on Apple in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. Evercore ISI increased their price objective on Apple to $260.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Bank of America increased their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four equities research 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Stock Up 1.6 %

NASDAQ AAPL opened at $239.07 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a 50-day simple moving average of $237.56 and a 200 day simple moving average of $234.03. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock has a market cap of $3.59 trillion, a PE ratio of 37.95, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its earnings results 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 net margin of 24.30% and a return on equity of 160.83%. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

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.