Apple Inc. (NASDAQ:AAPL) Stock Position Raised by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,279 shares of the iPhone maker’s stock after acquiring an additional 566 shares during the period. Apple makes up 0.9% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 19th largest position. Priebe Wealth Holdings LLC’s holdings in Apple were worth $1,322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Legacy Financial Advisors Inc. boosted its stake in Apple by 2.6% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 75,663 shares of the iPhone maker’s stock valued at $15,936,000 after purchasing an additional 1,929 shares during the period. Libra Wealth LLC lifted its stake in shares of Apple by 3.7% in the 2nd quarter. Libra Wealth LLC now owns 27,809 shares of the iPhone maker’s stock worth $5,857,000 after acquiring an additional 1,001 shares during the period. Alaethes Wealth LLC lifted its stake in shares of Apple by 1.5% in the 2nd quarter. Alaethes Wealth LLC now owns 56,861 shares of the iPhone maker’s stock worth $11,976,000 after acquiring an additional 813 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Apple by 3.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 240,962 shares of the iPhone maker’s stock worth $50,752,000 after acquiring an additional 7,479 shares during the period. Finally, Symmetry Investments LP lifted its stake in shares of Apple by 324.0% in the 2nd quarter. Symmetry Investments LP now owns 100,695 shares of the iPhone maker’s stock worth $21,208,000 after acquiring an additional 76,945 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Stock Up 1.6 %

Apple stock opened at $239.07 on Monday. The firm has a market cap of $3.59 trillion, a PE ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50 day moving average price is $237.56 and its two-hundred day moving average price is $234.14. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AAPL shares. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI upped 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, January 31st. DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Finally, Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four research 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. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.88.

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.