Proathlete Wealth Management LLC Purchases 151 Shares of Apple Inc. (NASDAQ:AAPL)

Proathlete Wealth Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,952 shares of the iPhone maker’s stock after buying an additional 151 shares during the period. Proathlete Wealth Management LLC’s holdings in Apple were worth $989,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. 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. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at about $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on AAPL shares. Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $325.00 target price on shares of Apple in a research report on Friday, March 14th. Evercore ISI lifted their price target on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. UBS Group upped their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

NASDAQ:AAPL opened at $218.27 on Friday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. 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 business has a fifty day simple moving average of $231.82 and a two-hundred day simple moving average of $233.33. The company has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s 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.