Heritage Financial Services LLC Increases Stake in Apple Inc. (NASDAQ:AAPL)

Heritage Financial Services LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,915 shares of the iPhone maker's stock after purchasing an additional 2,296 shares during the quarter. Apple comprises 1.3% of Heritage Financial Services LLC's portfolio, making the stock its 9th biggest holding. Heritage Financial Services LLC's holdings in Apple were worth $9,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new position in shares of Apple during the fourth quarter valued at about $25,000. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the period. Christopher J. Hasenberg Inc boosted its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple in the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

AAPL traded down $5.95 on Friday, reaching $217.90. The company had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company's fifty day moving average is $230.70 and its 200 day moving average is $233.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market cap 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.

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Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. As a group, analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research reports. Needham & Company LLC restated a "buy" rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Bank of America upped their price objective on Apple from $253.00 to $265.00 and gave the company a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Apple to $275.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $245.52.

Apple Company 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.