Concord Asset Management LLC VA Purchases 2,127 Shares of Apple Inc. (NASDAQ:AAPL)

Concord Asset Management LLC VA lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,523 shares of the iPhone maker’s stock after purchasing an additional 2,127 shares during the period. Apple comprises about 3.8% of Concord Asset Management LLC VA’s holdings, making the stock its 5th largest position. Concord Asset Management LLC VA’s holdings in Apple were worth $17,159,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Drystone LLC acquired a new stake in Apple during the fourth quarter worth approximately $25,000. Bull Oak Capital LLC grew its position 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 buying an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at about $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 2.7 %

NASDAQ:AAPL opened at $217.90 on Friday. The firm’s 50 day moving average is $230.70 and its 200 day moving average is $233.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market capitalization of $3.27 trillion, a PE ratio of 34.59, 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.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given 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 dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Morgan Stanley dropped their target price on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Bank of America upped their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. DA Davidson set a $290.00 price objective on shares of Apple in a research report on Friday, January 31st. Finally, Evercore ISI upped their price objective 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. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $245.52.

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.