2 weeks Ago By ABMN Staff
Richardson Financial Services Inc. grew its stake in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.
5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,623 shares of the iPhone maker’s stock after purchasing an additional 404 shares during the quarter. Apple makes up about 4.
7% of Richardson Financial Services Inc.’s holdings, making the stock its 2nd biggest position. Richardson Financial Services Inc.
’s holdings in Apple were worth $6,714,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also modified their holdings of the stock. Drystone LLC purchased a new stake in Apple in the fourth quarter valued at approximately $25,000.
Bull Oak Capital LLC increased its holdings 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 acquiring an additional 111 shares during the period.
SPX Gestao de Recursos Ltda purchased a new stake in Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in Apple during the 3rd quarter worth $110,000.
Hedge funds and other institutional investors own 67.73% of the company’s stock. Apple Price Performance Shares of NASDAQ:AAPL opened at $217.
90 on Friday. Apple Inc. has a one year low of $164.
08 and a one year high of $260.10. The stock has a market cap of $3.
27 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.
18. The business’s fifty day moving average price is $230.70 and its two-hundred day moving average price is $233.
35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.
88 and a current ratio of 0.92. Apple Dividend Announcement The firm 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. The ex-dividend date was Monday, February 10th.
This represents a $1.00 annualized dividend and a yield of 0.46%.
Apple’s payout ratio is currently 15.87%. Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on AAPL shares.
Bank of America upped their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st.
Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th.
The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Finally, UBS Group lifted their price objective on shares of Apple to $236.
00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.52. View Our Latest Analysis on Apple 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. Recommended Stories 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.com's FREE daily email newsletter .
.
