Bartlett & CO. Wealth Management LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,760,160 shares of the iPhone maker's stock after selling 18,215 shares during the quarter. Apple accounts for 6.4% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its biggest holding. Bartlett & CO. Wealth Management LLC's holdings in Apple were worth $440,780,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the second quarter valued at $42,000. SPX Gestao de Recursos Ltda purchased a new stake in Apple during the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc raised its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
AAPL has been the subject of several analyst reports. Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the company a "buy" rating in a report on Friday, January 31st. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a "hold" rating in a research note on Tuesday, February 25th. Argus raised shares of Apple to a "strong-buy" rating in a research report on Friday, January 31st. Sanford C. Bernstein lifted their price target on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Wedbush reissued an "outperform" rating and issued a $325.00 price objective on shares of Apple in a research report on Friday. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $243.22.
Get Our Latest Stock Analysis on Apple
Apple Price Performance
NASDAQ:AAPL traded up $0.51 during mid-day trading on Monday, reaching $214.00. 47,847,154 shares of the stock were exchanged, compared to its average volume of 53,031,069. 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 business has a fifty day moving average price of $234.52 and a 200 day moving average price of $233.82. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The firm has a market capitalization of $3.21 trillion, a PE ratio of 33.97, a PEG ratio of 2.44 and a beta of 1.18.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple's dividend payout ratio (DPR) is presently 15.87%.
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.
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