Jackson Square Capital LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,738 shares of the iPhone maker's stock after buying an additional 5,506 shares during the quarter. Apple accounts for about 7.8% of Jackson Square Capital LLC's investment portfolio, making the stock its largest position. Jackson Square Capital LLC's holdings in Apple were worth $32,239,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its stake in shares of Apple by 1.7% during 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 buying an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple during the 3rd quarter valued at $288,000. Granite Investment Partners LLC boosted its stake in shares of Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after buying an additional 7,606 shares during the period. Truist Financial Corp boosted its stake in shares of Apple by 1.8% during the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after buying an additional 126,210 shares during the period. Finally, Sterling Investment Counsel LLC boosted its stake in shares of Apple by 3.8% during 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. Institutional investors and hedge funds own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on AAPL. TD Cowen reissued a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Wedbush reaffirmed an "outperform" rating and issued a $325.00 price objective on shares of Apple in a research note on Monday. Citigroup lifted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 31st. DA Davidson set a $290.00 price objective on shares of Apple in a research note on Friday, January 31st. Finally, Morgan Stanley set a $275.00 price objective on shares of Apple in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $243.88.
View Our Latest Analysis on AAPL
Apple Stock Down 0.1 %
Shares of AAPL stock traded down $0.19 during trading hours on Wednesday, hitting $235.74. 47,184,984 shares of the company were exchanged, compared to its average volume of 53,560,264. The business has a 50 day moving average of $238.81 and a two-hundred day moving average of $233.92. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a market capitalization of $3.54 trillion, a PE ratio of 37.42, a PEG ratio of 2.44 and a beta of 1.20.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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 firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple's payout ratio is 15.87%.
Insider Buying and Selling
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.
About Apple
(
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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