Apple Inc. (NASDAQ:AAPL) is Boit C F David’s 5th Largest Position

Boit C F David lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,002 shares of the iPhone maker’s stock after acquiring an additional 100 shares during the period. Apple accounts for approximately 3.8% of Boit C F David’s portfolio, making the stock its 5th biggest position. Boit C F David’s holdings in Apple were worth $7,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB increased its position in shares of Apple by 21.1% during the 3rd 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 during the last quarter. BWM Planning LLC acquired a new stake in shares of Apple during the third quarter valued at about $10,936,000. Guild Investment Management Inc. increased its position in shares of Apple by 5.7% during the third quarter. Guild Investment Management Inc. now owns 17,298 shares of the iPhone maker’s stock valued at $4,031,000 after acquiring an additional 940 shares during the last quarter. JGP Wealth Management LLC raised its stake in shares of Apple by 5.2% in the 3rd quarter. JGP Wealth Management LLC now owns 219,895 shares of the iPhone maker’s stock valued at $51,235,000 after acquiring an additional 10,945 shares during the period. Finally, Fermata Advisors LLC lifted its holdings in shares of Apple by 2.1% in the 3rd quarter. Fermata Advisors LLC now owns 69,485 shares of the iPhone maker’s stock worth $16,190,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 2.7 %

Apple stock opened at $217.90 on Friday. The company has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The stock has a 50-day simple moving average of $230.70 and a 200-day simple moving average of $233.35.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. Equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Maxim Group lifted their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Wells Fargo & Company lifted their price objective on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Moffett Nathanson reissued a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Citigroup lifted their target price on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, nine have given 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.52.

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.