Apple Inc. (NASDAQ:AAPL) is Hamilton Point Investment Advisors LLC's 2nd Largest Position

Hamilton Point Investment Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,885 shares of the iPhone maker's stock after purchasing an additional 4,228 shares during the quarter. Apple makes up approximately 4.6% of Hamilton Point Investment Advisors LLC's investment portfolio, making the stock its 2nd largest position. Hamilton Point Investment Advisors LLC's holdings in Apple were worth $26,015,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its holdings in 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 valued at $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter valued at $288,000. Sterling Investment Counsel LLC raised its holdings in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after buying an additional 2,565 shares during the period. Silicon Valley Capital Partners lifted its position in shares of Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after buying an additional 3,935 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

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Apple Trading Down 2.7 %

Shares of AAPL traded down $5.95 on Friday, hitting $217.90. 39,775,695 shares of the stock traded hands, compared to its average volume of 54,852,651. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The stock's 50 day moving average is $230.70 and its two-hundred day moving average is $233.35. The firm has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a P/E/G 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 (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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 predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced 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 0.46%. Apple's dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Maxim Group upped their price objective on Apple to $215.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. Bank of America lifted their price target on Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, January 31st. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Finally, Wedbush reaffirmed an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Friday, March 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $245.52.

Apple Profile

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.