Pure Financial Advisors LLC Has $16.44 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Pure Financial Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 44.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,542 shares of the iPhone maker’s stock after purchasing an additional 38,727 shares during the period. Pure Financial Advisors LLC’s holdings in Apple were worth $16,442,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MKT Advisors LLC boosted its holdings in shares of Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares during the last quarter. Your Advocates Ltd. LLP lifted its stake in shares of Apple by 1.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 6,339 shares of the iPhone maker’s stock valued at $867,000 after purchasing an additional 65 shares during the period. Aufman Associates Inc lifted its stake in shares of Apple by 0.9% in the 2nd quarter. Aufman Associates Inc now owns 7,674 shares of the iPhone maker’s stock valued at $1,049,000 after purchasing an additional 66 shares during the period. Silver Oak Advisory Group Inc. raised its position in Apple by 1.8% during the second quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock worth $537,000 after acquiring an additional 69 shares during the period. Finally, Lowe Wealth Advisors LLC raised its position in Apple by 1.4% during the third quarter. Lowe Wealth Advisors LLC now owns 4,993 shares of the iPhone maker’s stock worth $690,000 after acquiring an additional 69 shares during the period. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 0.5 %

Shares of AAPL stock opened at $155.00 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89. The firm has a market cap of $2.45 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. The company has a 50-day moving average of $146.64 and a two-hundred day moving average of $145.32. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last announced its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.05). The company had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the business earned $2.10 EPS. On average, analysts predict that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, February 10th. This is a positive change from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio (DPR) is 15.62%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Credit Suisse Group set a $184.00 price objective on shares of Apple in a research report on Monday, February 6th. Bank of America upped their price objective on shares of Apple from $153.00 to $158.00 in a research report on Friday, February 3rd. Jefferies Financial Group restated a “buy” rating and set a $195.00 price objective on shares of Apple in a research report on Thursday, March 2nd. DA Davidson increased their target price on shares of Apple from $167.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Finally, JPMorgan Chase & Co. set a $175.00 target price on shares of Apple in a research report on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $168.24.

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.