Stewardship Advisors LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Stewardship Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 4.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,221 shares of the iPhone maker’s stock after buying an additional 432 shares during the quarter. Stewardship Advisors LLC’s holdings in Apple were worth $2,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. High Net Worth Advisory Group LLC increased its holdings in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. acquired a new position in shares of Apple during the third quarter worth $288,000. Sterling Investment Counsel LLC increased its holdings in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners raised its stake in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after buying an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AAPL. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a research report on Friday, January 31st. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $243.22.

Apple Trading Up 0.2 %

AAPL stock opened at $214.00 on Tuesday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.97, 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. The business has a fifty day simple moving average of $233.90 and a 200-day simple moving average of $233.71.

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

Apple Dividend Announcement

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