2 weeks Ago By ABMN Staff
Osborne Partners Capital Management LLC lowered its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 275,634 shares of the iPhone maker’s stock after selling 1,164 shares during the period. Apple makes up about 4.0% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 2nd largest position.
Osborne Partners Capital Management LLC’s holdings in Apple were worth $69,024,000 at the end of the most recent reporting period. A number of other institutional investors have also made changes to their positions in AAPL. Drystone LLC acquired a new stake in Apple during the 4th quarter valued at approximately $25,000.
Bull Oak Capital LLC raised its position in shares of 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 purchasing an additional 111 shares in the last quarter.
SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple in the third quarter worth $110,000.
67.73% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In AAPL has been the topic of a number of research analyst reports.
Bank of America increased their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st.
DA Davidson set a $290.00 price target on shares of Apple in a research report on Friday, January 31st. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th.
Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. Four 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 stock.
According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.52.
Apple Stock Down 2.7 % Apple stock opened at $217.90 on Friday.
Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.
10. The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.
59, a PEG ratio of 2.44 and a beta of 1.18.
The company’s 50-day moving average price is $230.70 and its two-hundred day moving average price is $233.35.
The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.
26. Apple ( NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%.
On average, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend.
This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%.
The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.
About Apple ( 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 ). Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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