Main Line Retirement Advisors LLC Buys 56 Shares of Apple Inc. (NASDAQ:AAPL)

Main Line Retirement Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 3,293 shares of the iPhone maker’s stock after acquiring an additional 56 shares during the period. Apple comprises about 0.5% of Main Line Retirement Advisors LLC’s holdings, making the stock its 22nd biggest holding. Main Line Retirement Advisors LLC’s holdings in Apple were worth $825,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Christopher J. Hasenberg Inc raised 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 valued at $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the third quarter worth $77,000. Finally, ARK Investment Management LLC bought a new stake in Apple in the third quarter valued at $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL stock opened at $214.10 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a market cap of $3.22 trillion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock’s fifty day moving average price is $232.19 and its 200-day moving average price is $233.33.

Apple (NASDAQ:AAPL) last announced its earnings results 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 return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current 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 given 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 0.47%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

Several brokerages have commented on AAPL. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. Finally, KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.