Apple Inc. (NASDAQ:AAPL) is Genesee Capital Advisors LLC’s 3rd Largest Position

Genesee Capital Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,739 shares of the iPhone maker’s stock after selling 415 shares during the period. Apple comprises approximately 4.9% of Genesee Capital Advisors LLC’s holdings, making the stock its 3rd largest holding. Genesee Capital Advisors LLC’s holdings in Apple were worth $10,452,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. AMF Tjanstepension AB boosted its position in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Foresight Capital Management Advisors Inc. raised its stake in shares of Apple by 4.3% during the 3rd quarter. Foresight Capital Management Advisors Inc. now owns 19,828 shares of the iPhone maker’s stock worth $4,620,000 after buying an additional 823 shares during the period. Cypress Financial Planning LLC lifted its position in shares of Apple by 3.2% during the 3rd quarter. Cypress Financial Planning LLC now owns 8,173 shares of the iPhone maker’s stock valued at $1,904,000 after buying an additional 256 shares in the last quarter. New England Research & Management Inc. lifted its position in shares of Apple by 0.3% during the 3rd quarter. New England Research & Management Inc. now owns 36,348 shares of the iPhone maker’s stock valued at $8,469,000 after buying an additional 95 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in Apple by 1.4% in the 3rd quarter. Global Financial Private Client LLC now owns 71,622 shares of the iPhone maker’s stock valued at $16,688,000 after acquiring an additional 1,013 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

Shares of AAPL opened at $218.27 on Monday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $231.82 and its 200 day simple moving average is $233.42.

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

Apple Dividend Announcement

The firm 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 0.46%. Apple’s payout ratio is 15.87%.

Analyst Ratings Changes

Several research analysts recently commented on the company. KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Evercore ISI boosted their price target on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Finally, Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently 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.