Apple Inc. (NASDAQ:AAPL) is Kavar Capital Partners Group LLC’s Largest Position

Kavar Capital Partners Group LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 156,825 shares of the iPhone maker’s stock after selling 1,711 shares during the quarter. Apple comprises about 6.6% of Kavar Capital Partners Group LLC’s holdings, making the stock its largest position. Kavar Capital Partners Group LLC’s holdings in Apple were worth $39,272,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC grew its position in shares of 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 buying an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Apple by 6.6% in the third 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 acquiring an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $214.10 on Friday. 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 company has a 50-day moving average price of $232.19 and a 200 day moving average price of $233.33. 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 $3.22 trillion, a P/E ratio of 33.98, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. DA Davidson set a $290.00 target price on Apple in a research note on Friday, January 31st. Evercore ISI increased their price target on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.