Apple Inc. (NASDAQ:AAPL) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,696 shares of the iPhone maker’s stock after buying an additional 393 shares during the period. Apple comprises 1.4% of ORG Wealth Partners LLC’s investment portfolio, making the stock its 6th largest position. ORG Wealth Partners LLC’s holdings in Apple were worth $3,931,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the third quarter valued at approximately $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Maxim Group upped their price objective on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Morgan Stanley increased their price target on Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $244.87 on Thursday. The firm has a market cap of $3.68 trillion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. The firm’s fifty day moving average is $240.56 and its 200-day moving average is $232.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Sell-side analysts predict 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. Investors 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 annualized dividend and a yield of 0.41%. Apple’s payout ratio is 15.87%.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

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.