HFG Wealth Management LLC Grows Position in Apple Inc. (NASDAQ:AAPL)

HFG Wealth Management LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,982 shares of the iPhone maker’s stock after purchasing an additional 366 shares during the quarter. Apple accounts for approximately 1.5% of HFG Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. HFG Wealth Management LLC’s holdings in Apple were worth $2,326,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. O Connor Financial Group LLC raised its holdings in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after purchasing an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC boosted its position in Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after purchasing an additional 46 shares during the period. Menard Financial Group LLC boosted its stake in Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after purchasing an additional 48 shares during the period. Finally, Latitude Advisors LLC grew its position in Apple by 0.3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after buying an additional 50 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’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 transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAPL shares. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Maxim Group upped their price objective on Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Bank of America boosted 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. Finally, Raymond James boosted their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Stock Performance

AAPL opened at $245.83 on Friday. The firm has a market capitalization of $3.69 trillion, a PE ratio of 39.02, a P/E/G ratio of 2.43 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The firm has a 50 day moving average of $240.52 and a two-hundred day moving average of $232.29. 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 (NASDAQ:AAPL) last posted 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, analysts anticipate 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. Shareholders of record on Monday, February 10th were paid 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 0.41%. Apple’s dividend payout ratio is currently 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.