2 weeks Ago By ABMN Staff
Sylvest Advisors LLC purchased a new stake in Apple Inc. ( NASDAQ:AAPL – Free Report ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,964 shares of the iPhone maker’s stock, valued at approximately $4,749,000.
Apple makes up approximately 2.9% of Sylvest Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Several other hedge funds and other institutional investors have also made changes to their positions in the stock.
International Assets Investment Management LLC boosted its holdings in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter.
State Street Corp lifted its position in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter.
Geode Capital Management LLC boosted its holdings in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares in the last quarter.
FMR LLC grew its position in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter.
Finally, Charles Schwab Investment Management Inc. raised its stake in Apple by 6.6% during the 3rd quarter.
Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. Hedge funds and other institutional investors own 67.
73% of the company’s stock. Analyst Upgrades and Downgrades Several brokerages have issued reports on AAPL. Redburn Partners set a $230.
00 price objective on Apple in a report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. KeyCorp reiterated an “underweight” rating and issued a $200.
00 price objective on shares of Apple in a research note on Friday, January 31st. UBS Group raised their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th.
Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.
52. Apple Trading Down 2.7 % Shares of AAPL opened at $217.
90 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.
92 and a quick ratio of 0.88. Apple Inc.
has a 1-year low of $164.08 and a 1-year high of $260.10.
The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.
44 and a beta of 1.18. The firm has a 50 day simple moving average of $230.
70 and a 200-day simple moving average of $233.35. Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, January 30th.
The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.
04. Apple had a return on equity of 160.83% and a net margin of 24.
30%. Equities analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 0.
46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.
87%. Apple Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. ( NASDAQ:AAPL – Free Report ).
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