Apple Inc. (NASDAQ:AAPL) Shares Bought by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,399 shares of the iPhone maker's stock after buying an additional 2,346 shares during the quarter. Apple accounts for about 3.2% of Accelerate Investment Advisors LLC's portfolio, making the stock its 7th largest holding. Accelerate Investment Advisors LLC's holdings in Apple were worth $3,606,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AAPL. Counterweight Ventures LLC raised its position in Apple by 2.3% during the 2nd quarter. Counterweight Ventures LLC now owns 30,531 shares of the iPhone maker's stock worth $6,430,000 after buying an additional 672 shares during the last quarter. Kerusso Capital Management LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $3,907,000. Financial Gravity Asset Management Inc. grew its stake in shares of Apple by 27.4% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 16,991 shares of the iPhone maker's stock worth $3,578,000 after purchasing an additional 3,658 shares during the period. Lynch & Associates IN grew its stake in shares of Apple by 3.1% during the 2nd quarter. Lynch & Associates IN now owns 47,860 shares of the iPhone maker's stock worth $10,080,000 after purchasing an additional 1,442 shares during the period. Finally, Caprock Group LLC grew its stake in shares of Apple by 41.5% during the 2nd quarter. Caprock Group LLC now owns 424,428 shares of the iPhone maker's stock worth $89,393,000 after purchasing an additional 124,488 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research note on Wednesday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $244.85.

Apple Trading Down 0.1 %

Shares of NASDAQ AAPL traded down $0.28 during trading on Friday, hitting $245.55. 53,102,300 shares of the company were exchanged, compared to its average volume of 49,742,392. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a fifty day moving average price of $240.47 and a 200-day moving average price of $232.55. The firm has a market capitalization of $3.69 trillion, a PE ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple's dividend payout ratio (DPR) is currently 15.87%.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.

Apple Company Profile

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.