Tsfg LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,933 shares of the iPhone maker’s stock after purchasing an additional 1,051 shares during the period. Apple makes up about 2.8% of Tsfg LLC’s holdings, making the stock its 9th biggest position. Tsfg LLC’s holdings in Apple were worth $13,756,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple in the second quarter valued at approximately $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc grew its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the third quarter valued at approximately $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on AAPL shares. JPMorgan Chase & Co. upped their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Maxim Group increased their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $244.85.
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Insider Activity
In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.
Apple Stock Down 0.1 %
Apple stock opened at $245.55 on Friday. The company’s 50-day moving average price is $240.47 and its two-hundred day moving average price is $232.72. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market cap of $3.69 trillion, a P/E ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results 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, analysts expect that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.
Apple Profile
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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