Mediolanum International Funds Ltd decreased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,166,610 shares of the iPhone maker's stock after selling 69,356 shares during the quarter. Apple accounts for about 7.1% of Mediolanum International Funds Ltd's portfolio, making the stock its largest position. Mediolanum International Funds Ltd's holdings in Apple were worth $545,077,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the stock. High Net Worth Advisory Group LLC raised its holdings in Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker's stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in Apple during the 3rd quarter worth $288,000. Sterling Investment Counsel LLC lifted its holdings in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after acquiring an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners grew its stake in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after acquiring an additional 28,799 shares during the period. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after acquiring an additional 3,935 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Stock Performance
AAPL stock traded down $5.95 during midday trading on Friday, reaching $217.90. 39,775,695 shares of the company were exchanged, compared to its average volume of 54,852,651. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The firm has a market capitalization 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 business has a 50-day moving average price of $230.70 and a two-hundred day moving average price of $233.43. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.
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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple's dividend payout ratio (DPR) is currently 15.87%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Maxim Group lifted their price objective on Apple to $215.00 and gave the company a "hold" rating in a report on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Monness Crespi & Hardt increased their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Wedbush reaffirmed an "outperform" rating and issued a $325.00 price objective on shares of Apple in a research report on Friday, March 14th. Finally, Sanford C. Bernstein upped their target price on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $245.52.
Check Out Our Latest Research Report on Apple
Apple 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.
Featured Articles
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
