3,200 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Level Wealth Management LLC

Level Wealth Management LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,200 shares of the iPhone maker’s stock, valued at approximately $801,000. Apple accounts for 0.6% of Level Wealth Management LLC’s portfolio, making the stock its 17th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Drystone LLC bought a new position in Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the 3rd quarter worth $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 2.7 %

AAPL stock opened at $217.90 on Monday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a fifty day moving average price of $230.70 and a two-hundred day moving average price of $233.43. 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) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. Maxim Group increased their price target on Apple to $215.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. KeyCorp reissued an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Finally, Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $245.52.

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.