Apple Inc. (NASDAQ:AAPL) Position Boosted by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,975 shares of the iPhone maker’s stock after acquiring an additional 291 shares during the period. Apple comprises approximately 4.3% of Register Financial Advisors LLC’s holdings, making the stock its biggest holding. Register Financial Advisors LLC’s holdings in Apple were worth $8,508,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the last quarter. FMR LLC raised its stake in Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of 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 worth $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of Apple stock opened at $215.24 on Thursday. The firm has a market cap of $3.23 trillion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm’s 50-day simple moving average is $232.76 and its 200-day simple moving average is $233.47. 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 (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities 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. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAPL. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price target on shares of Apple in a report on Monday, January 27th. Finally, Sanford C. Bernstein boosted their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Company 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.