Caprock Group LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 451,633 shares of the iPhone maker's stock after purchasing an additional 8,923 shares during the period. Apple comprises 3.7% of Caprock Group LLC's portfolio, making the stock its 2nd largest holding. Caprock Group LLC's holdings in Apple were worth $113,098,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. High Net Worth Advisory Group LLC lifted its stake in shares of Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. purchased a new position in Apple during the third quarter valued at $288,000. Sterling Investment Counsel LLC grew its holdings in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners lifted its position in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after buying an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC raised its stake in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after acquiring an additional 3,935 shares during the period. Institutional investors own 67.73% of the company's stock.
Apple Stock Performance
NASDAQ AAPL traded down $5.95 on Friday, reaching $217.90. 39,775,695 shares of the company's stock traded hands, compared to its average volume of 54,852,651. The stock has a 50 day moving average price of $230.70 and a 200-day moving average price of $233.35. The firm has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a P/E/G 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. 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 earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
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 dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple's dividend payout ratio is presently 15.87%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. TD Cowen reissued a "buy" rating on shares of Apple in a report on Tuesday, January 28th. Wedbush reissued an "outperform" rating and set a $325.00 price target on shares of Apple in a research note on Friday, March 14th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Bank of America lifted their price target on Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company increased their price target on Apple to $275.00 and gave the company a "buy" rating in a report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $245.52.
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Apple Profile
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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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