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

Wiser Wealth Management Inc boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,448 shares of the iPhone maker’s stock after buying an additional 1,115 shares during the quarter. Apple accounts for about 0.7% of Wiser Wealth Management Inc’s holdings, making the stock its 12th biggest holding. Wiser Wealth Management Inc’s holdings in Apple were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Nabity Jensen Investment Management Inc grew its stake in shares of Apple by 4.1% in the fourth quarter. Nabity Jensen Investment Management Inc now owns 16,444 shares of the iPhone maker’s stock valued at $4,118,000 after buying an additional 654 shares in the last quarter. Brendel Financial Advisors LLC boosted its holdings in Apple by 2.3% during the 4th quarter. Brendel Financial Advisors LLC now owns 12,816 shares of the iPhone maker’s stock valued at $3,209,000 after acquiring an additional 290 shares during the period. Founders Grove Wealth Partners LLC acquired a new position in Apple in the 4th quarter valued at about $6,904,000. Covea Finance increased its stake in Apple by 13.3% during the fourth quarter. Covea Finance now owns 535,442 shares of the iPhone maker’s stock worth $134,085,000 after purchasing an additional 62,960 shares during the period. Finally, Richard P Slaughter Associates Inc increased its stake in Apple by 2.3% during the fourth quarter. Richard P Slaughter Associates Inc now owns 23,123 shares of the iPhone maker’s stock worth $5,790,000 after purchasing an additional 530 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Evercore ISI boosted their price target on shares of Apple to $260.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Morgan Stanley set a $275.00 price objective on Apple in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Apple Price Performance

Shares of AAPL opened at $240.36 on Thursday. 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 stock’s 50 day moving average is $240.10 and its two-hundred day moving average is $233.39. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The firm has a market capitalization of $3.61 trillion, a PE ratio of 38.15, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

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.