Apple Inc. (NASDAQ:AAPL) Stake Increased by Enzi Wealth

Enzi Wealth raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 15,450 shares of the iPhone maker’s stock after acquiring an additional 70 shares during the quarter. Apple comprises approximately 1.5% of Enzi Wealth’s holdings, making the stock its 17th largest position. Enzi Wealth’s holdings in Apple were worth $3,869,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. O Connor Financial Group LLC increased its stake in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after buying an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings 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 during the period. Menard Financial Group LLC increased its position 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 acquiring an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after acquiring an additional 48 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $223.75 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50-day moving average is $231.35 and its 200-day moving average is $233.43. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid 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 0.45%. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AAPL shares. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. DA Davidson set a $290.00 price target on Apple in a research report on Friday, January 31st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Finally, Argus upgraded 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 issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.65.

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.