2 weeks Ago By ABMN Staff
Tritonpoint Wealth LLC reduced its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.9% in the 4th quarter, HoldingsChannel reports.
The firm owned 397,450 shares of the iPhone maker’s stock after selling 3,775 shares during the period. Apple accounts for about 9.0% of Tritonpoint Wealth LLC’s investment portfolio, making the stock its largest holding.
Tritonpoint Wealth LLC’s holdings in Apple were worth $99,530,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Drystone LLC bought a new position in shares of Apple in the fourth quarter valued at about $25,000.
Bull Oak Capital LLC increased its position in 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 in the last quarter.
SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple during the third quarter worth approximately $110,000.
67.73% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth AAPL has been the subject of several research analyst reports.
JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.
00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup boosted their target price on Apple from $255.00 to $275.
00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st.
Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th.
Finally, Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.52. Apple Stock Performance Shares of AAPL opened at $217.
90 on Friday. 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 Inc.
has a 12 month low of $164.08 and a 12 month high of $260.10.
The firm has a fifty day simple moving average of $230.70 and a 200 day simple moving average of $233.35.
The stock has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.
44 and a beta of 1.18. Apple ( NASDAQ:AAPL – Get Free Report ) last announced its quarterly earnings data 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%. Research analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 dividend on an annualized basis and a yield of 0.46%. Apple’s dividend 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.
See Also 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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