MBM Wealth Consultants LLC Purchases 227 Shares of Apple Inc. (NASDAQ:AAPL)

MBM Wealth Consultants LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,035 shares of the iPhone maker’s stock after buying an additional 227 shares during the quarter. Apple makes up about 1.1% of MBM Wealth Consultants LLC’s investment portfolio, making the stock its 14th biggest holding. MBM Wealth Consultants LLC’s holdings in Apple were worth $3,666,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. FMR LLC boosted its position in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC boosted its position in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAPL. Maxim Group increased their price target on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Raymond James raised their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Bank of America raised their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Four 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Trading Down 1.7 %

Apple stock opened at $216.98 on Thursday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. 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 stock has a market capitalization of $3.26 trillion, a P/E ratio of 34.44, a PEG ratio of 2.44 and a beta of 1.18. The stock has a 50-day simple moving average of $235.80 and a 200 day simple moving average of $234.00.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 0.46%. Apple’s payout ratio is 15.87%.

Apple Company 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.