Asset Management Advisors LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,593 shares of the iPhone maker’s stock after selling 6,085 shares during the period. Apple makes up approximately 11.1% of Asset Management Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Asset Management Advisors LLC’s holdings in Apple were worth $12,153,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clear Perspectives Financial Planning LLC bought a new position in shares of Apple in the 4th quarter valued at $27,000. Lountzis Asset Management LLC raised its position in Apple by 300.0% in the third quarter. Lountzis Asset Management LLC now owns 284 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 213 shares during the last quarter. Fure Financial Corp acquired a new stake in shares of Apple during the third quarter valued at about $37,000. Ruggie Capital Group bought a new stake in shares of Apple during the third quarter worth about $41,000. Finally, Pacific Financial Group Inc. acquired a new stake in Apple during the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 57.77% of the company’s stock.
Shares of NASDAQ AAPL opened at $126.00 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51. The stock has a fifty day simple moving average of $133.27 and a two-hundred day simple moving average of $122.58. Apple Inc. has a 1-year low of $53.15 and a 1-year high of $145.09. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Shareholders of record on Monday, February 8th were issued a dividend of $0.205 per share. The ex-dividend date was Friday, February 5th. This represents a $0.82 dividend on an annualized basis and a yield of 0.65%. Apple’s payout ratio is 25.00%.
A number of equities analysts have recently commented on AAPL shares. Royal Bank of Canada reiterated a “buy” rating and set a $171.00 price target (up previously from $154.00) on shares of Apple in a report on Monday, February 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $150.00 target price on shares of Apple in a report on Monday, January 25th. Atlantic Securities assumed coverage on Apple in a research note on Monday, October 26th. They issued an “overweight” rating and a $150.00 price target for the company. DA Davidson lifted their price objective on Apple from $133.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, January 28th. Finally, Fundamental Research increased their target price on shares of Apple from $113.91 to $148.12 and gave the company a “buy” rating in a research report on Friday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the stock. Apple currently has an average rating of “Buy” and an average target price of $133.61.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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