Apple Inc. (NASDAQ:AAPL) Holdings Raised by Granite Harbor Advisors Inc.

Granite Harbor Advisors Inc. grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,409 shares of the iPhone maker’s stock after buying an additional 103 shares during the quarter. Apple comprises 4.4% of Granite Harbor Advisors Inc.’s portfolio, making the stock its 6th largest holding. Granite Harbor Advisors Inc.’s holdings in Apple were worth $7,866,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Drystone LLC acquired a new position in Apple in the 4th quarter valued at about $25,000. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc raised its stake 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 worth $69,000 after purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAPL. Barclays boosted their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 price target on Apple in a report on Friday, January 31st. Four investment 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Stock Up 1.0 %

Apple stock opened at $223.85 on Friday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.44 and a beta of 1.18. The company’s 50-day moving average price is $230.94 and its two-hundred day moving average price is $233.28. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.87%.

Apple 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.