FSM Wealth Advisors LLC Has $9.22 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

FSM Wealth Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 40,398 shares of the iPhone maker’s stock after purchasing an additional 443 shares during the period. Apple accounts for about 2.3% of FSM Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. FSM Wealth Advisors LLC’s holdings in Apple were worth $9,221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. High Net Worth Advisory Group LLC grew its stake in Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares in the last quarter. Amara Financial LLC. purchased a new stake in shares of Apple during the 3rd quarter worth about $288,000. Sterling Investment Counsel LLC lifted its holdings in shares of Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after buying an additional 3,935 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AAPL. Bank of America lifted their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Friday, March 14th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price objective on Apple in a report on Friday, January 31st. Four research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.52.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $222.13 on Tuesday. The firm has a market capitalization of $3.34 trillion, a PE ratio of 35.26, a PEG ratio of 2.44 and a beta of 1.18. 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 Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The business’s 50 day moving average is $230.54 and its 200-day moving average is $233.42.

Apple (NASDAQ:AAPL) last issued 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 return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is currently 15.87%.

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.