Crews Bank & Trust Purchases New Holdings in Apple Inc. (NASDAQ:AAPL)

Crews Bank & Trust bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 78,198 shares of the iPhone maker's stock, valued at approximately $19,582,000. Apple comprises approximately 3.3% of Crews Bank & Trust's portfolio, making the stock its 8th biggest position.

Several other institutional investors have also modified their holdings of AAPL. International Assets Investment Management LLC raised its position in shares of 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 valued at $219,829,700,000 after buying an additional 93,886,664 shares during the period. State Street Corp increased its stake in 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 acquiring an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its position in Apple by 6.5% in the third 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. FMR LLC lifted its stake in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

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Apple Stock Down 2.7 %

Shares of Apple stock traded down $5.95 during trading hours on Friday, hitting $217.90. The company had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. 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 company's 50-day moving average is $230.70 and its two-hundred day moving average is $233.35. The company has a market cap of $3.27 trillion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released 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%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share 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 paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Apple's dividend payout ratio is presently 15.87%.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a "hold" rating in a report on Tuesday, February 25th. DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Argus raised shares of Apple to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Apple from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Four equities research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.52.

About Apple

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.