Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Marcum Wealth LLC

Marcum Wealth LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 94,467 shares of the iPhone maker’s stock after acquiring an additional 2,733 shares during the period. Apple makes up approximately 2.1% of Marcum Wealth LLC’s holdings, making the stock its 10th largest holding. Marcum Wealth LLC’s holdings in Apple were worth $23,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ellenbecker Investment Group increased its holdings in shares of Apple by 4.6% in the 4th quarter. Ellenbecker Investment Group now owns 36,897 shares of the iPhone maker’s stock worth $9,240,000 after buying an additional 1,606 shares during the last quarter. Gunderson Capital Management Inc. boosted its position in Apple by 13.4% during the 4th quarter. Gunderson Capital Management Inc. now owns 7,931 shares of the iPhone maker’s stock valued at $1,986,000 after buying an additional 938 shares during the period. Traveka Wealth LLC boosted its position in Apple by 8.0% during the 4th quarter. Traveka Wealth LLC now owns 26,817 shares of the iPhone maker’s stock valued at $6,715,000 after buying an additional 1,987 shares during the period. Unique Wealth LLC lifted its position in shares of Apple by 9.7% in the 4th quarter. Unique Wealth LLC now owns 23,597 shares of the iPhone maker’s stock worth $5,909,000 after purchasing an additional 2,093 shares during the period. Finally, BCS Wealth Management lifted its position in shares of Apple by 49.2% in the 4th quarter. BCS Wealth Management now owns 34,108 shares of the iPhone maker’s stock worth $8,541,000 after purchasing an additional 11,255 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AAPL shares. JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Citigroup lifted their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Maxim Group raised their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $244.85.

Apple Trading Down 0.1 %

AAPL stock opened at $245.55 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The firm’s fifty day simple moving average is $240.47 and its two-hundred day simple moving average is $232.88.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend 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.