Claro Advisors LLC Has $31.11 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Claro Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 124,219 shares of the iPhone maker’s stock after buying an additional 953 shares during the period. Apple makes up approximately 4.2% of Claro Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Claro Advisors LLC’s holdings in Apple were worth $31,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. State Street Corp lifted its holdings in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the period. Geode Capital Management LLC raised its position in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. FMR LLC raised its position in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 0.1 %

AAPL stock opened at $245.55 on Friday. The firm has a 50-day moving average of $240.47 and a two-hundred day moving average of $232.55. The company has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.43 and a beta of 1.20. 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 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and cut their target price for the company from $211.84 to $200.75 in a research note on Thursday, January 30th. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group reiterated a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Rosenblatt Securities reissued a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Finally, Morgan Stanley lifted their target price on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.