Perfromance Wealth Partners LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,148,600 shares of the iPhone maker's stock after selling 11,587 shares during the period. Apple makes up 33.4% of Perfromance Wealth Partners LLC's holdings, making the stock its biggest position. Perfromance Wealth Partners LLC's holdings in Apple were worth $1,038,893,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AAPL. International Assets Investment Management LLC raised its holdings in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. State Street Corp raised its holdings in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. FMR LLC raised its holdings in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on AAPL. Rosenblatt Securities reaffirmed a "buy" rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a report on Monday, January 20th. Wedbush restated an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Monday, March 3rd. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $243.88.
Check Out Our Latest Report on Apple
Apple Price Performance
NASDAQ AAPL opened at $220.84 on Wednesday. The company has a market capitalization of $3.32 trillion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 business's fifty day moving average is $236.47 and its 200 day moving average is $234.12. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend yield of 0.45%. Apple's dividend payout ratio (DPR) is 15.87%.
Insider Transactions at Apple
In related news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company's stock.
About Apple
(
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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