2 weeks Ago By ABMN Staff
PBMares Wealth Management LLC grew its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.2% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 42,793 shares of the iPhone maker’s stock after purchasing an additional 497 shares during the period. Apple makes up 2.2% of PBMares Wealth Management LLC’s holdings, making the stock its 12th biggest position.
PBMares Wealth Management LLC’s holdings in Apple were worth $10,716,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. Drystone LLC acquired a new position in shares of Apple during the 4th quarter worth approximately $25,000.
Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter.
SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the 3rd quarter worth about $110,000.
Institutional investors and hedge funds own 67.73% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have issued reports on AAPL.
Morgan Stanley reduced their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th.
Evercore ISI upped their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th.
Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Friday, March 14th. UBS Group increased their price target on Apple to $236.
00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st.
Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.
52. Apple Price Performance Shares of AAPL stock opened at $217.90 on Friday.
Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.
10. The company has a market capitalization 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 company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.
26. The firm has a fifty 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 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04.
Apple had a return on equity of 160.83% and a net margin of 24.30%.
Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share.
The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.
46%. Apple’s dividend payout ratio is presently 15.87%.
Apple 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.
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