PFG Advisors Boosts Stake in Apple Inc. (NASDAQ:AAPL)

PFG Advisors raised its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,082 shares of the iPhone maker’s stock after acquiring an additional 9,700 shares during the quarter. Apple makes up 3.8% of PFG Advisors’ portfolio, making the stock its 2nd biggest holding. PFG Advisors’ holdings in Apple were worth $39,080,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AAPL. First Bank & Trust lifted its stake in shares of Apple by 0.4% in the 3rd quarter. First Bank & Trust now owns 17,600 shares of the iPhone maker’s stock valued at $2,491,000 after purchasing an additional 69 shares during the last quarter. Blossom Wealth Management lifted its stake in shares of Apple by 1.4% in the 3rd quarter. Blossom Wealth Management now owns 5,197 shares of the iPhone maker’s stock valued at $735,000 after purchasing an additional 70 shares during the last quarter. Gibson Capital LLC lifted its stake in shares of Apple by 0.7% in the 3rd quarter. Gibson Capital LLC now owns 9,442 shares of the iPhone maker’s stock valued at $1,330,000 after purchasing an additional 70 shares during the last quarter. Schulhoff & Co. Inc. lifted its stake in shares of Apple by 0.3% in the 3rd quarter. Schulhoff & Co. Inc. now owns 22,482 shares of the iPhone maker’s stock valued at $3,181,000 after purchasing an additional 75 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its stake in shares of Apple by 0.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 30,408 shares of the iPhone maker’s stock valued at $5,399,000 after purchasing an additional 78 shares during the last quarter. 56.86% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group raised their price target on Apple from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. Wells Fargo & Company raised their price target on Apple from $165.00 to $205.00 and gave the stock an “overweight” rating in a research note on Friday, January 21st. Canaccord Genuity Group raised their price target on Apple from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. New Street Research raised Apple from a “sell” rating to a “neutral” rating and set a $165.00 price target for the company in a research note on Friday, January 28th. Finally, DZ Bank reissued a “buy” rating on shares of Apple in a research note on Monday, December 13th. Six equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $189.51.

Shares of AAPL stock opened at $168.82 on Wednesday. Apple Inc. has a 1-year low of $118.86 and a 1-year high of $182.94. The stock’s fifty day moving average price is $166.02 and its 200 day moving average price is $160.60. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.04 and a quick ratio of 1.00. The company has a market cap of $2.76 trillion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, January 27th. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $123.95 billion for the quarter, compared to the consensus estimate of $118.53 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 6.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 10th. Shareholders of record on Monday, February 7th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.52%. Apple’s dividend payout ratio is currently 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 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. 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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