Legacy Financial Strategies LLC Buys 178 Shares of Apple Inc. (NASDAQ:AAPL)

Legacy Financial Strategies LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,263 shares of the iPhone maker’s stock after buying an additional 178 shares during the period. Apple makes up 1.5% of Legacy Financial Strategies LLC’s portfolio, making the stock its 10th biggest position. Legacy Financial Strategies LLC’s holdings in Apple were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. IFM Investors Pty Ltd grew its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp grew its stake in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the last quarter. Camden Capital LLC boosted its holdings in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC boosted its holdings in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $153.83 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. The stock has a 50 day simple moving average of $142.26 and a 200 day simple moving average of $146.04. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The firm has a market capitalization of $2.43 trillion, a PE ratio of 26.12, a P/E/G ratio of 2.00 and a beta of 1.30.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The business had revenue of $117.15 billion during the quarter, compared to analyst estimates of $121.67 billion. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Apple’s revenue for the quarter was down 5.5% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. This is an increase from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio is 15.62%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America raised their target price on shares of Apple from $153.00 to $158.00 in a report on Friday, February 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 target price on shares of Apple in a report on Thursday, March 2nd. JPMorgan Chase & Co. set a $175.00 target price on shares of Apple in a report on Wednesday, March 1st. Wedbush raised their target price on shares of Apple from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Finally, Sanford C. Bernstein set a $125.00 price target on shares of Apple in a report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $167.94.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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