Apple Inc. (NASDAQ:AAPL) is Nisa Investment Advisors LLC's 3rd Largest Position

Nisa Investment Advisors LLC lifted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,355,447 shares of the iPhone maker's stock after purchasing an additional 19,883 shares during the quarter. Apple accounts for 4.2% of Nisa Investment Advisors LLC's portfolio, making the stock its 3rd largest position. Nisa Investment Advisors LLC's holdings in Apple were worth $1,090,691,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AAPL. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter valued at approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAPL shares. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Monness Crespi & Hardt lifted their price target on shares of Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. DA Davidson set a $290.00 price objective on Apple in a report on Friday, January 31st. Wells Fargo & Company upped their price target on Apple to $275.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $243.88.

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Apple Stock Performance

Shares of AAPL stock opened at $220.84 on Wednesday. The business's 50-day moving average price is $236.47 and its 200-day moving average price is $234.12. 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 market capitalization of $3.32 trillion, a price-to-earnings ratio of 35.05, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple's dividend payout ratio is currently 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company's stock.

Apple 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.

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