Apple Inc. (NASDAQ:AAPL) Shares Bought by Golden State Equity Partners

Golden State Equity Partners grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1,230.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,941 shares of the iPhone maker's stock after acquiring an additional 108,153 shares during the quarter. Apple makes up approximately 5.6% of Golden State Equity Partners' holdings, making the stock its largest position. Golden State Equity Partners' holdings in Apple were worth $29,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Connor Financial Group LLC grew its stake in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after acquiring an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. grew its position in Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after purchasing an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after purchasing an additional 46 shares during the period. Menard Financial Group LLC raised its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock valued at $2,848,000 after buying an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after buying an additional 48 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

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Apple Trading Up 0.5 %

Shares of AAPL stock traded up $1.06 during trading hours on Tuesday, reaching $223.19. The company had a trading volume of 36,357,553 shares, compared to its average volume of 54,820,636. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average of $230.54 and a 200 day moving average of $233.42.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend 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 currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. Maxim Group boosted their price target on Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Morgan Stanley reduced their target price on Apple from $275.00 to $252.00 and set an "overweight" rating for the company in a research report on Wednesday, March 12th. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a report on Wednesday, February 19th. Finally, DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $245.52.

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.