Fiduciary Advisors Inc. Purchases New Stake in Apple Inc. (NASDAQ:AAPL)

Fiduciary Advisors Inc. acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 812 shares of the iPhone maker’s stock, valued at approximately $203,000.

Several other large investors also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new position in Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC raised its position in 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 during the period. Christopher J. Hasenberg Inc lifted its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $221.53 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm’s 50 day moving average is $231.03 and its two-hundred day moving average is $233.35. The firm has a market capitalization of $3.33 trillion, a P/E ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AAPL shares. Barclays upped their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Maxim Group increased their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Monness Crespi & Hardt raised their price target on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Raymond James boosted their price objective on Apple to $250.00 and gave the company a “buy” rating in a 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $243.65.

About Apple

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.