Bay Rivers Group boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,261 shares of the iPhone maker’s stock after purchasing an additional 653 shares during the quarter. Apple makes up 7.4% of Bay Rivers Group’s holdings, making the stock its largest position. Bay Rivers Group’s holdings in Apple were worth $12,121,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AAPL. Geode Capital Management LLC raised its holdings in shares of Apple by 2.3% during the third quarter. Geode Capital Management LLC now owns 259,894,947 shares of the iPhone maker’s stock valued at $36,670,642,000 after acquiring an additional 5,732,451 shares during the last quarter. Morgan Stanley raised its holdings in shares of Apple by 1.9% during the third quarter. Morgan Stanley now owns 128,279,150 shares of the iPhone maker’s stock valued at $18,151,501,000 after acquiring an additional 2,419,441 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Apple by 1.1% during the third quarter. UBS Asset Management Americas Inc. now owns 69,224,701 shares of the iPhone maker’s stock valued at $9,795,295,000 after acquiring an additional 759,577 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Apple by 0.5% during the third quarter. Alliancebernstein L.P. now owns 38,254,461 shares of the iPhone maker’s stock valued at $5,413,006,000 after acquiring an additional 197,442 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Apple by 1.1% during the third quarter. American Century Companies Inc. now owns 37,075,583 shares of the iPhone maker’s stock valued at $5,246,196,000 after acquiring an additional 414,835 shares during the last quarter. Institutional investors own 56.86% of the company’s stock.
AAPL has been the subject of a number of research analyst reports. DA Davidson increased their target price on Apple from $170.00 to $185.00 in a report on Friday, January 28th. KeyCorp assumed coverage on Apple in a report on Monday, December 6th. They set an “overweight” rating and a $191.00 target price for the company. Zacks Investment Research reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, March 2nd. Canaccord Genuity Group increased their price target on Apple from $185.00 to $200.00 and gave the company a “buy” rating in a report on Friday, January 28th. Finally, Oppenheimer increased their price target on Apple from $170.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, January 28th. Six equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Buy” and a consensus target price of $189.51.
AAPL opened at $163.98 on Monday. Apple Inc. has a 52 week low of $118.86 and a 52 week high of $182.94. The business has a fifty day simple moving average of $166.35 and a 200-day simple moving average of $160.46. The firm has a market cap of $2.68 trillion, a P/E ratio of 27.15, a P/E/G ratio of 2.13 and a beta of 1.19. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.48.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, January 27th. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.89 by $0.21. Apple had a return on equity of 149.81% and a net margin of 26.58%. The business had revenue of $123.95 billion during the quarter, compared to analyst estimates of $118.53 billion. During the same period last year, the business posted $1.68 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 10th. Investors of record on Monday, February 7th were issued a $0.22 dividend. The ex-dividend date was Friday, February 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.54%. Apple’s dividend payout ratio (DPR) is presently 14.57%.
In other Apple news, Director Arthur D. Levinson sold 1,986 shares of Apple stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $173.29, for a total transaction of $344,153.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated Thursday, February 3rd. The stock was sold at an average price of $174.78, for a total value of $4,369,500.00. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.
Apple Profile (Get Rating)
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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