Envision Financial LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,043 shares of the iPhone maker's stock, valued at approximately $512,000.
A number of other large investors have also recently made changes to their positions in AAPL. International Assets Investment Management LLC grew its position in shares of Apple by 20,372.7% in 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 buying an additional 93,886,664 shares during the last quarter. State Street Corp lifted its stake in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after purchasing an additional 55,935,105 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. 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 period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Apple by 6.6% in the 3rd 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 purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Apple Price Performance
Shares of NASDAQ AAPL traded down $0.28 during mid-day trading on Friday, reaching $245.55. The company's stock had a trading volume of 53,102,300 shares, compared to its average volume of 49,742,392. The firm has a market capitalization of $3.69 trillion, a PE ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. 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 stock has a fifty day moving average of $240.47 and a two-hundred day moving average of $232.55. Apple Inc. has a 52 week low of $164.07 and a 52 week 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 for the quarter, topping 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, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AAPL. Rosenblatt Securities restated a "buy" rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Loop Capital cut 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. Needham & Company LLC restated a "buy" rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Raymond James raised their target price on Apple to $250.00 and gave the company a "buy" rating in a research note on Monday, January 20th. Finally, Bank of America lifted their price objective on Apple from $253.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $244.85.
Check Out Our Latest Stock Analysis on AAPL
Insider Transactions at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company's stock.
Apple Company Profile
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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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