FSA Investment Group LLC Acquires New Holdings in Apple Inc. (NASDAQ:AAPL)

FSA Investment Group LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,123 shares of the iPhone maker's stock, valued at approximately $495,000. Apple accounts for about 0.4% of FSA Investment Group LLC's portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. acquired a new position in shares of Apple during the 4th quarter worth $203,000. Cibc World Market Inc. raised its position in Apple by 2.8% during the fourth quarter. Cibc World Market Inc. now owns 4,313,593 shares of the iPhone maker's stock worth $1,080,210,000 after acquiring an additional 117,592 shares during the last quarter. EMC Capital Management lifted its holdings in shares of Apple by 65.4% in the fourth quarter. EMC Capital Management now owns 1,475 shares of the iPhone maker's stock valued at $369,000 after purchasing an additional 583 shares in the last quarter. M Wealth Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $2,078,000. Finally, Strategic Point Investment Advisors LLC increased its stake in shares of Apple by 14.3% during the 4th quarter. Strategic Point Investment Advisors LLC now owns 8,298 shares of the iPhone maker's stock worth $2,078,000 after purchasing an additional 1,036 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on Apple from $275.00 to $252.00 and set an "overweight" rating on the stock in a report on Wednesday, March 12th. Evercore ISI lifted their price objective on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Rosenblatt Securities reissued a "buy" rating and set a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Finally, Sanford C. Bernstein boosted their price target on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $245.52.

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Apple Stock Performance

AAPL traded down $5.95 on Friday, hitting $217.90. 39,775,695 shares of the company's stock were exchanged, compared to its average volume of 54,852,651. 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 stock has a fifty day moving average of $230.70 and a two-hundred day moving average of $233.35. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market cap of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. On average, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is 15.87%.

About Apple

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.