Slow Capital Inc. Has $22.04 Million Position in Apple Inc. (NASDAQ:AAPL)

Slow Capital Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 88,014 shares of the iPhone maker’s stock after selling 3,339 shares during the quarter. Apple accounts for approximately 3.1% of Slow Capital Inc.’s portfolio, making the stock its 7th biggest holding. Slow Capital Inc.’s holdings in Apple were worth $22,040,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after buying an additional 588,427 shares during the period. Czech National Bank lifted its position in shares of Apple by 12.8% in the 3rd quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock worth $721,658,000 after purchasing an additional 350,505 shares during the period. Curated Wealth Partners LLC lifted its position in shares of Apple by 5.8% in the 3rd quarter. Curated Wealth Partners LLC now owns 53,013 shares of the iPhone maker’s stock worth $12,352,000 after purchasing an additional 2,913 shares during the period. Arkansas Financial Group Inc. increased its stake in shares of Apple by 46.8% in the 3rd quarter. Arkansas Financial Group Inc. now owns 6,863 shares of the iPhone maker’s stock valued at $1,599,000 after acquiring an additional 2,187 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of Apple by 6.6% in the 3rd quarter. Quent Capital LLC now owns 137,845 shares of the iPhone maker’s stock valued at $32,042,000 after acquiring an additional 8,483 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AAPL shares. UBS Group boosted their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Citigroup increased their target price on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Barclays raised their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, Loop Capital downgraded shares of 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. Four 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.9 %

Shares of Apple stock opened at $218.27 on Friday. The stock has a 50-day simple moving average of $231.82 and a 200-day simple moving average of $233.26. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $3.28 trillion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates 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 research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

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.