Verde Capital Management Has $1.79 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Verde Capital Management raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,152 shares of the iPhone maker’s stock after purchasing an additional 646 shares during the quarter. Verde Capital Management’s holdings in Apple were worth $1,791,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc boosted its holdings in shares of 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 buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter valued at $77,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s 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 directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. DA Davidson set a $290.00 price objective on shares of Apple in a research report on Friday, January 31st. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Trading Up 1.8 %

Shares of Apple stock opened at $213.49 on Friday. The stock has a fifty day moving average price of $234.52 and a 200-day moving average price of $233.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $3.21 trillion, a PE ratio of 33.89, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.