864 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Sequent Asset Management LLC

Sequent Asset Management LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 864 shares of the iPhone maker’s stock, valued at approximately $216,000.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. AMF Tjanstepension AB boosted its position in Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the period. Ritholtz Wealth Management lifted its stake in Apple by 3.6% in the third quarter. Ritholtz Wealth Management now owns 491,209 shares of the iPhone maker’s stock valued at $114,452,000 after buying an additional 17,284 shares during the last quarter. Burns Matteson Capital Management LLC boosted its holdings in shares of Apple by 6.2% during the third quarter. Burns Matteson Capital Management LLC now owns 8,988 shares of the iPhone maker’s stock valued at $2,094,000 after acquiring an additional 528 shares during the period. Avondale Wealth Management grew its position in shares of Apple by 3.2% during the third quarter. Avondale Wealth Management now owns 14,578 shares of the iPhone maker’s stock worth $3,397,000 after acquiring an additional 450 shares during the last quarter. Finally, HCR Wealth Advisors increased its holdings in shares of Apple by 0.5% in the 3rd quarter. HCR Wealth Advisors now owns 530,528 shares of the iPhone maker’s stock worth $123,613,000 after acquiring an additional 2,816 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 1.9 %

Shares of NASDAQ:AAPL opened at $222.13 on Tuesday. The firm has a 50 day simple moving average of $230.54 and a 200 day simple moving average of $233.42. 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 quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $3.34 trillion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released 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 return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is presently 15.87%.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. Barclays boosted their target price 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. Evercore ISI boosted their price objective on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. UBS Group lifted their target price on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Four 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.