Avantra Family Wealth Inc. acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,795 shares of the iPhone maker's stock, valued at approximately $6,960,000. Apple comprises approximately 6.5% of Avantra Family Wealth Inc.'s holdings, making the stock its biggest position.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. O Connor Financial Group LLC grew its holdings in 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 purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. boosted its position in shares of 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 in the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after buying an additional 46 shares during the last quarter. Menard Financial Group LLC increased its position in Apple by 0.4% during the 3rd 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 in the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in Apple by 1.3% during 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 last quarter. 67.73% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AAPL. Evercore ISI raised their price target on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Citigroup raised their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Oppenheimer downgraded shares of Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Raymond James upped their price objective on Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $245.52.
Check Out Our Latest Report on Apple
Apple Trading Up 0.5 %
Shares of Apple stock traded up $1.06 during mid-day trading on Tuesday, hitting $223.19. The stock had a trading volume of 36,357,553 shares, compared to its average volume of 54,820,636. The firm has a 50-day moving average of $230.54 and a two-hundred day moving average of $233.42. The firm has a market cap of $3.35 trillion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. 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 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%. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The firm 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is currently 15.87%.
Apple 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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