Blossom Wealth Management Has $3.17 Million Stock Position in Apple Inc. (NASDAQ:AAPL)
Blossom Wealth Management increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,661 shares of the iPhone maker’s stock after acquiring an additional 418 shares during the period. Apple accounts for about 6.1% of Blossom Wealth Management’s holdings, making the stock its 2nd largest position. Blossom Wealth Management’s holdings in Apple were worth $3,171,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. O Connor Financial Group LLC lifted its position in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. raised its stake in shares of Apple by 0.5% during 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 during the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after buying an additional 46 shares during the period. Menard Financial Group LLC boosted its stake in Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after acquiring an additional 48 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Stock Performance
Shares of AAPL opened at $217.90 on Friday. The company has a market cap of $3.27 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The firm has a 50-day moving average of $230.70 and a 200-day moving average of $233.35. Apple Inc. has a one year low of $164.08 and a one 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.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 0.46%. Apple’s payout ratio is 15.87%.
Analyst Ratings Changes
AAPL has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Maxim Group boosted their target price on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine 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. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $245.52.
Get Our Latest Research Report on AAPL
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.
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