Hilltop Wealth Advisors LLC Has $1.45 Million Position in Apple Inc. (NASDAQ:AAPL)

Hilltop Wealth Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,783 shares of the iPhone maker’s stock after purchasing an additional 182 shares during the quarter. Apple accounts for about 0.7% of Hilltop Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position. Hilltop Wealth Advisors LLC’s holdings in Apple were worth $1,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AAPL. Bull Oak Capital LLC raised its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $244.47 on Wednesday. The firm has a market cap of $3.67 trillion, a PE ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $240.66 and a two-hundred day simple moving average of $231.94. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on AAPL. Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Friday, January 31st. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Raymond James lifted their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Finally, Argus upgraded Apple to a “strong-buy” rating in a research note on Friday, January 31st. Four research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

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.