Strategic Wealth Investment Group LLC decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,030 shares of the iPhone maker's stock after selling 2,817 shares during the period. Apple makes up about 3.0% of Strategic Wealth Investment Group LLC's investment portfolio, making the stock its 4th largest holding. Strategic Wealth Investment Group LLC's holdings in Apple were worth $44,833,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB grew its position in Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. First PREMIER Bank grew its holdings in shares of Apple by 1.7% in the 3rd quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker's stock valued at $21,778,000 after acquiring an additional 1,551 shares in the last quarter. Barlow Wealth Partners Inc. increased its position in shares of Apple by 0.4% in the third quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker's stock valued at $26,356,000 after acquiring an additional 524 shares during the last quarter. Great Oak Capital Partners LLC raised its holdings in Apple by 1.4% during the third quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker's stock worth $1,129,000 after acquiring an additional 70 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. boosted its position in Apple by 5.3% during the third quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker's stock valued at $7,646,000 after purchasing an additional 1,656 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Price Performance
NASDAQ AAPL traded down $5.95 during midday trading on Friday, hitting $217.90. The company had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The firm has a 50-day moving average price of $230.70 and a 200-day moving average price of $233.35. The company has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. 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 twelve month low of $164.08 and a twelve month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. As a group, analysts anticipate 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. Stockholders of record on Monday, February 10th were issued 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%.
Analysts Set New Price Targets
Several research firms have weighed in on AAPL. UBS Group boosted their price target on Apple to $236.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Sanford C. Bernstein boosted their price objective 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. Finally, Maxim Group upped their target price on shares of Apple to $215.00 and gave the company a "hold" rating in a report on Friday, February 21st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $245.52.
Check Out Our Latest Research Report on Apple
About Apple
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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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