Apple Inc. (NASDAQ:AAPL) is Sachetta LLC’s 5th Largest Position

Sachetta LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,565 shares of the iPhone maker’s stock after selling 1,703 shares during the period. Apple accounts for about 3.1% of Sachetta LLC’s portfolio, making the stock its 5th largest position. Sachetta LLC’s holdings in Apple were worth $7,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC grew its position in shares of 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 purchasing an additional 111 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of 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 purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter valued at about $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and set a $325.00 price target on shares of Apple in a research report on Friday. Raymond James boosted their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays boosted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, Monness Crespi & Hardt boosted their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.22.

Apple Price Performance

Shares of AAPL opened at $213.49 on Monday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm’s 50 day moving average price is $234.52 and its 200 day moving average price is $233.82. The company has a market cap of $3.21 trillion, a P/E ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. 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) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s 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.