Wealthcare Capital Management LLC Acquires 596 Shares of Apple Inc. (NASDAQ:AAPL)

Wealthcare Capital Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,685 shares of the iPhone maker’s stock after purchasing an additional 596 shares during the period. Apple comprises 0.3% of Wealthcare Capital Management LLC’s holdings, making the stock its 18th biggest holding. Wealthcare Capital Management LLC’s holdings in Apple were worth $2,926,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. High Net Worth Advisory Group LLC lifted its position in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter worth $288,000. Granite Investment Partners LLC increased its stake in shares of Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares during the period. Truist Financial Corp grew its position in Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after buying an additional 126,210 shares during the period. Finally, Sterling Investment Counsel LLC grew its position in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 1.9 %

Shares of Apple stock opened at $241.76 on Monday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market cap of $3.63 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.44 and a beta of 1.20. The business’s fifty day moving average is $239.60 and its two-hundred day moving average is $233.75. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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 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%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AAPL. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a report on Tuesday, January 21st. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Bank of America boosted their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Raymond James upped their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.