Mine & Arao Wealth Creation & Management LLC. lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,357 shares of the iPhone maker's stock after selling 1,906 shares during the quarter. Apple accounts for approximately 10.4% of Mine & Arao Wealth Creation & Management LLC.'s holdings, making the stock its 4th biggest position. Mine & Arao Wealth Creation & Management LLC.'s holdings in Apple were worth $22,627,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. High Net Worth Advisory Group LLC boosted its holdings 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 acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new stake in Apple in the third quarter worth approximately $288,000. Sterling Investment Counsel LLC grew its position in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners raised its stake in Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after buying an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its stake in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after buying an additional 3,935 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Apple Trading Down 2.7 %
Shares of Apple stock traded down $5.95 during trading on Friday, hitting $217.90. The stock had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The stock has a market cap of $3.27 trillion, a PE ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm's fifty day simple moving average is $230.70 and its 200-day simple moving average is $233.35. 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 quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is presently 15.87%.
Analyst Upgrades and Downgrades
AAPL has been the subject of several research analyst reports. Raymond James lifted their price objective on Apple to $250.00 and gave the stock a "buy" rating in a report on Monday, January 20th. Wells Fargo & Company boosted their price objective on Apple to $275.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Citigroup lifted their target price 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. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. Four analysts have rated the stock with a sell rating, nine have given 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 presently has an average rating of "Moderate Buy" and an average target price of $245.52.
View Our Latest Stock Report on AAPL
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.
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
