Lifestyle Asset Management Inc. Has $2.05 Million Position in Apple Inc. (NASDAQ:AAPL)

Lifestyle Asset Management Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,195 shares of the iPhone maker’s stock after acquiring an additional 203 shares during the quarter. Apple comprises 1.1% of Lifestyle Asset Management Inc.’s holdings, making the stock its 15th largest holding. Lifestyle Asset Management Inc.’s holdings in Apple were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bull Oak Capital LLC increased its stake 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 acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple in the third quarter worth approximately $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AAPL shares. Sanford C. Bernstein lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Redburn Partners set a $230.00 price target on Apple in a research report on Friday, January 31st. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.22.

Apple Stock Performance

NASDAQ:AAPL opened at $213.49 on Friday. The business’s fifty day moving average is $234.52 and its 200 day moving average is $233.73. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. 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 $164.08 and a 52-week high of $260.10.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.