Firethorn Wealth Partners LLC Has $6.41 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Firethorn Wealth Partners LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,588 shares of the iPhone maker’s stock after acquiring an additional 701 shares during the period. Apple makes up 3.2% of Firethorn Wealth Partners LLC’s investment portfolio, making the stock its 9th biggest position. Firethorn Wealth Partners LLC’s holdings in Apple were worth $6,408,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AAPL. O Connor Financial Group LLC lifted its stake in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after buying an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after buying an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after buying an additional 46 shares in the last quarter. Menard Financial Group LLC lifted its stake in shares of Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $213.49 on Monday. The firm has a fifty day moving average price of $234.52 and a 200-day moving average price of $233.82. 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 stock has a market cap of $3.21 trillion, a PE ratio of 33.89, a price-to-earnings-growth 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 issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. 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 is 15.87%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AAPL shares. Citigroup upped their target price 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. Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.22.

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.