Apple Inc. (NASDAQ:AAPL) Shares Purchased by Foguth Wealth Management LLC.

Foguth Wealth Management LLC. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 40.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,785 shares of the iPhone maker’s stock after acquiring an additional 3,108 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Apple were worth $2,701,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Drystone LLC purchased a new position in shares of Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC lifted 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 purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the 3rd quarter valued at $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $188.38 on Friday. The stock has a market cap of $2.83 trillion, a P/E ratio of 29.90, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock has a 50 day moving average of $229.45 and a two-hundred day moving average of $233.07. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released 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 net margin of 24.30% and a return on equity of 160.83%. On average, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock worth $40,818,720 in the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AAPL. Monness Crespi & Hardt lifted their target price on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Citigroup upped their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Barclays upped their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.26.

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.