Muirfield Wealth Advisors LLC Acquires 4,922 Shares of Apple Inc. (NASDAQ:AAPL)

Muirfield Wealth Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 54.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,002 shares of the iPhone maker’s stock after buying an additional 4,922 shares during the period. Apple accounts for about 2.9% of Muirfield Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. Muirfield Wealth Advisors LLC’s holdings in Apple were worth $3,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Drystone LLC bought a new stake in Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC increased 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 during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000. 67.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AAPL shares. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Monness Crespi & Hardt boosted their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Barclays raised their target price 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. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Stock Performance

AAPL opened at $223.19 on Wednesday. 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 Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market cap of $3.35 trillion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business’s fifty day moving average is $230.55 and its 200-day moving average is $233.43.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company 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 dividend yield of 0.45%. Apple’s dividend payout ratio is 15.87%.

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.