Apple Inc. (NASDAQ:AAPL) is Bennett Selby Investments LP’s Largest Position

Bennett Selby Investments LP lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 149,194 shares of the iPhone maker’s stock after selling 672 shares during the quarter. Apple comprises approximately 14.8% of Bennett Selby Investments LP’s investment portfolio, making the stock its biggest position. Bennett Selby Investments LP’s holdings in Apple were worth $37,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter worth $71,000. Christopher J. Hasenberg Inc grew its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the third quarter worth $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Sanford C. Bernstein boosted their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI boosted their price target on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Monness Crespi & Hardt boosted their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Stock Up 1.8 %

AAPL stock opened at $213.49 on Monday. The company’s 50 day moving average price is $234.52 and its 200 day moving average price is $233.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its earnings results 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%. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

About Apple

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.