Mason & Associates Inc Buys 688 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Mar 26th, 2023

Mason & Associates Inc grew its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,923 shares of the iPhone maker’s stock after acquiring an additional 688 shares during the period. Apple comprises 1.3% of Mason & Associates Inc’s holdings, making the stock its 14th largest holding. Mason & Associates Inc’s holdings in Apple were worth $4,018,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Orser Capital Management LLC raised its stake in shares of Apple by 1.6% during the fourth quarter. Orser Capital Management LLC now owns 40,706 shares of the iPhone maker’s stock valued at $5,289,000 after acquiring an additional 660 shares during the last quarter. Lam Group Inc. bought a new position in shares of Apple during the fourth quarter valued at $500,000. Worth Asset Management LLC raised its stake in shares of Apple by 3.8% during the fourth quarter. Worth Asset Management LLC now owns 21,629 shares of the iPhone maker’s stock valued at $2,810,000 after acquiring an additional 788 shares during the last quarter. RVW Wealth LLC raised its stake in shares of Apple by 1.0% during the fourth quarter. RVW Wealth LLC now owns 96,686 shares of the iPhone maker’s stock valued at $12,562,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Mutual Advisors LLC raised its stake in shares of Apple by 5.5% during the fourth quarter. Mutual Advisors LLC now owns 599,079 shares of the iPhone maker’s stock valued at $77,838,000 after acquiring an additional 31,171 shares during the last quarter. Institutional investors own 57.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Oppenheimer decreased their price objective on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, December 12th. Bank of America increased their price objective on shares of Apple from $153.00 to $158.00 in a research report on Friday, February 3rd. National Bank Financial decreased their price objective on shares of Apple to $54.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Deutsche Bank Aktiengesellschaft set a $160.00 price objective on shares of Apple in a research report on Friday, February 3rd. Finally, Wedbush increased their price objective on shares of Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.24.

Apple Stock Up 0.8 %

AAPL opened at $160.25 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 company’s 50-day moving average is $149.26 and its 200 day moving average is $145.40. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The firm has a market capitalization of $2.54 trillion, a P/E ratio of 27.21, a PEG ratio of 2.09 and a beta of 1.30.

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

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 annualized dividend and a yield of 0.57%. Apple’s payout ratio is currently 15.62%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 187,730 shares of Apple stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $159.76, for a total value of $29,991,744.80. Following the sale, the chief operating officer now owns 489,816 shares of the company’s stock, valued at $78,253,004.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Profile

(Get Rating)

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.