Apple Inc. (NASDAQ:AAPL) Shares Purchased by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 26.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,873 shares of the iPhone maker’s stock after buying an additional 12,673 shares during the quarter. Apple comprises about 3.1% of Buck Wealth Strategies LLC’s holdings, making the stock its 5th largest position. Buck Wealth Strategies LLC’s holdings in Apple were worth $14,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AAPL. Drystone LLC purchased a new stake in Apple in the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC lifted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple during the third quarter worth $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $188.38 on Monday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.26. 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 firm has a fifty day simple moving average of $229.45 and a 200 day simple moving average of $233.16.

Apple (NASDAQ:AAPL) last posted its earnings results 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. Apple’s dividend payout ratio is presently 15.87%.

Insider Activity

In other news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Raymond James increased their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Friday. Rosenblatt Securities reissued a “buy” rating and set a $263.00 price target on shares of Apple in a research note on Thursday. Finally, Tigress Financial lifted their price objective on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

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.