Hunter Associates Investment Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,068 shares of the iPhone maker's stock after selling 1,167 shares during the period. Apple makes up approximately 6.2% of Hunter Associates Investment Management LLC's portfolio, making the stock its biggest position. Hunter Associates Investment Management LLC's holdings in Apple were worth $40,852,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. TL Private Wealth grew its position in Apple by 3.9% in the 3rd quarter. TL Private Wealth now owns 3,583 shares of the iPhone maker's stock worth $794,000 after purchasing an additional 133 shares in the last quarter. Kelly Financial Services LLC increased its stake in Apple by 2.3% in the 3rd quarter. Kelly Financial Services LLC now owns 17,147 shares of the iPhone maker's stock valued at $3,995,000 after buying an additional 382 shares during the last quarter. Morton Capital Management LLC CA lifted its position in shares of Apple by 4.3% during the 3rd quarter. Morton Capital Management LLC CA now owns 66,499 shares of the iPhone maker's stock worth $15,494,000 after buying an additional 2,719 shares in the last quarter. Finally, Cypress Wealth Services LLC boosted its stake in shares of Apple by 0.6% in the 3rd quarter. Cypress Wealth Services LLC now owns 133,518 shares of the iPhone maker's stock worth $31,110,000 after buying an additional 817 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.
Apple Price Performance
Apple stock traded down $5.95 during mid-day trading on Friday, hitting $217.90. 39,775,695 shares of the company traded hands, compared to its average volume of 54,852,651. 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 one year low of $164.08 and a one year high of $260.10. The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock has a fifty day moving average price of $230.70 and a 200-day moving average price of $233.35.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts predict 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. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is currently 15.87%.
Wall Street Analyst Weigh In
A number of analysts recently commented on AAPL shares. Wedbush reaffirmed an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Friday, March 14th. TD Cowen reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Raymond James boosted their price target on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Monday, January 20th. JPMorgan Chase & Co. raised their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Four 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $245.52.
View Our Latest Stock Analysis on Apple
Apple Company Profile
(
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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