Apple Inc. (NASDAQ:AAPL) Shares Bought by FSC Wealth Advisors LLC

FSC Wealth Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,222 shares of the iPhone maker’s stock after acquiring an additional 226 shares during the period. Apple accounts for 2.1% of FSC Wealth Advisors LLC’s holdings, making the stock its 14th largest position. FSC Wealth Advisors LLC’s holdings in Apple were worth $3,311,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Altus Wealth Management LLC raised its position in Apple by 1.6% in the fourth quarter. Altus Wealth Management LLC now owns 8,669 shares of the iPhone maker’s stock valued at $2,171,000 after purchasing an additional 133 shares during the period. Greenup Street Wealth Management LLC grew its stake in Apple by 1.0% during the 4th quarter. Greenup Street Wealth Management LLC now owns 29,036 shares of the iPhone maker’s stock worth $7,271,000 after purchasing an additional 282 shares in the last quarter. BankPlus Wealth Management LLC acquired a new position in Apple during the 4th quarter worth $6,110,000. Court Place Advisors LLC grew its stake in Apple by 3.4% during the 4th quarter. Court Place Advisors LLC now owns 25,203 shares of the iPhone maker’s stock worth $6,311,000 after purchasing an additional 833 shares in the last quarter. Finally, JDH Wealth Management LLC acquired a new position in shares of Apple during the 4th quarter worth about $2,624,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a report on Monday, January 27th. Finally, Raymond James lifted their price objective on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Performance

NASDAQ AAPL opened at $218.27 on Friday. 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 market cap of $3.28 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average of $231.82 and a 200-day moving average of $233.26. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio is currently 15.87%.

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.