Rooted Wealth Advisors Inc. Acquires 316 Shares of Apple Inc. (NASDAQ:AAPL)

Rooted Wealth Advisors Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,627 shares of the iPhone maker’s stock after purchasing an additional 316 shares during the quarter. Apple makes up about 1.3% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 20th largest holding. Rooted Wealth Advisors Inc.’s holdings in Apple were worth $3,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. AMF Tjanstepension AB grew its stake in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares in the last quarter. Latitude Advisors LLC increased its stake in Apple by 0.3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after acquiring an additional 50 shares during the last quarter. ODonnell Financial Services LLC lifted its stake in shares of Apple by 4.0% in the 3rd quarter. ODonnell Financial Services LLC now owns 35,003 shares of the iPhone maker’s stock valued at $8,156,000 after purchasing an additional 1,359 shares during the last quarter. Lanham O Dell & Company Inc. lifted its holdings in shares of Apple by 8.4% in the 3rd quarter. Lanham O Dell & Company Inc. now owns 4,821 shares of the iPhone maker’s stock worth $1,123,000 after acquiring an additional 375 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Apple by 1.3% during the third quarter. Private Advisor Group LLC now owns 2,279,719 shares of the iPhone maker’s stock valued at $531,166,000 after buying an additional 28,488 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Tigress Financial raised their target price on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. KeyCorp upgraded Apple from an “underweight” rating to a “sector weight” rating in a research report on Monday, April 14th. Morgan Stanley dropped their target price on Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Raymond James raised their price objective on Apple to $250.00 and gave the company a “buy” rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.85.

Insider Activity

In other news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. The trade was 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, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,451 shares of company stock worth $40,818,720. Insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $196.79 on Friday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $2.96 trillion, a PE ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The stock’s 50 day moving average is $219.65 and its two-hundred day moving average is $230.08.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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 predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. Apple’s dividend payout ratio is currently 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.