HHM Wealth Advisors LLC Buys 14,199 Shares of Apple Inc. (NASDAQ:AAPL)

HHM Wealth Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 69,289 shares of the iPhone maker’s stock after purchasing an additional 14,199 shares during the period. Apple comprises approximately 2.4% of HHM Wealth Advisors LLC’s portfolio, making the stock its 9th largest position. HHM Wealth Advisors LLC’s holdings in Apple were worth $17,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Drystone LLC purchased a new position in shares of Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new position in Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple in the third quarter worth $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AAPL shares. Morgan Stanley decreased their target price on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Citigroup lifted their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group boosted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $245.52.

Apple Stock Performance

Shares of AAPL stock opened at $222.13 on Tuesday. 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 has a 50 day simple moving average of $230.54 and a 200-day simple moving average of $233.42. The company has a market cap of $3.34 trillion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 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.