Strategic Advocates LLC raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,689 shares of the iPhone maker's stock after acquiring an additional 3,338 shares during the period. Apple comprises about 3.3% of Strategic Advocates LLC's investment portfolio, making the stock its 9th largest position. Strategic Advocates LLC's holdings in Apple were worth $9,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew 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. FMR LLC lifted its holdings in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the period. Geode Capital Management LLC lifted its stake in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Stock Performance
Shares of NASDAQ AAPL traded down $5.95 during midday trading on Friday, reaching $217.90. The company's stock had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The stock has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. 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 50 day moving average price of $230.70 and a 200-day moving average price of $233.35. 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 announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. As a group, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Apple's payout ratio is currently 15.87%.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on Apple to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. Loop Capital cut shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Finally, Wedbush reissued an "outperform" rating and issued a $325.00 price objective on shares of Apple in a report on Friday, March 14th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.52.
Check Out Our Latest Stock Analysis on AAPL
Apple Company Profile
(
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.
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