Alta Advisers Ltd raised its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 40,500 shares of the iPhone maker’s stock after purchasing an additional 500 shares during the period. Apple accounts for approximately 4.0% of Alta Advisers Ltd’s portfolio, making the stock its 4th biggest holding. Alta Advisers Ltd’s holdings in Apple were worth $6,934,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Mokosak Advisory Group LLC lifted its stake in Apple by 1.1% during the second quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock worth $1,079,000 after purchasing an additional 59 shares during the last quarter. Kraft Davis & Associates LLC lifted its stake in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the last quarter. MKT Advisors LLC lifted its stake in Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the last quarter. Cassia Capital Partners LLC lifted its stake in Apple by 1.2% in the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after buying an additional 60 shares during the last quarter. Finally, Family CFO Inc lifted its stake in Apple by 6.7% in the third quarter. Family CFO Inc now owns 950 shares of the iPhone maker’s stock valued at $163,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Apple Stock Down 1.0 %
Apple stock opened at $182.52 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.20 and a beta of 1.31. Apple Inc. has a fifty-two week low of $143.90 and a fifty-two week high of $199.62. The stock’s fifty day moving average is $188.29 and its two-hundred day moving average is $183.70.
Apple Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.
Insider Buying and Selling at Apple
In other Apple news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the sale, the insider now owns 29,174 shares of the company’s stock, valued at $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on AAPL shares. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. Piper Sandler Companies cut Apple to a “neutral” rating and reduced their price objective for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 price objective on shares of Apple in a research note on Wednesday, January 31st. Monness Crespi & Hardt boosted their price objective on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.27.
Read Our Latest Analysis on Apple
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.
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