Mitsubishi UFJ Asset Management UK Ltd. Purchases 2,000 Shares of Apple Inc. (NASDAQ:AAPL)

Mitsubishi UFJ Asset Management UK Ltd. grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,000 shares of the iPhone maker's stock after purchasing an additional 2,000 shares during the period. Apple makes up 3.3% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 6th largest position. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Apple were worth $7,513,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAPL. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% in the third 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 last quarter. Hershey Financial Advisers LLC purchased a new position in Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple during the third quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple during the third quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAPL. DA Davidson set a $290.00 price target on Apple in a research report on Friday, January 31st. Raymond James increased their price target on Apple to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 20th. Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. TD Cowen reiterated a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Wedbush reiterated an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Monday, March 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $243.88.

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Apple Stock Down 2.9 %

Shares of NASDAQ AAPL opened at $220.84 on Wednesday. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50-day moving average of $236.47 and a two-hundred day moving average of $234.12. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 160.83% and a net margin of 24.30%. On average, analysts forecast 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 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

About Apple

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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