Apple Inc. (NASDAQ:AAPL) is Camden Capital LLC’s 4th Largest Position

Camden Capital LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,562 shares of the iPhone maker’s stock after selling 7,229 shares during the quarter. Apple accounts for 5.5% of Camden Capital LLC’s portfolio, making the stock its 4th biggest holding. Camden Capital LLC’s holdings in Apple were worth $23,710,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. IFM Investors Pty Ltd raised its position in Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp raised its position in Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Harbor Island Capital LLC raised its position in Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its position in Apple by 1.6% during the 1st quarter. Arete Wealth Advisors LLC now owns 144,723 shares of the iPhone maker’s stock valued at $25,270,000 after purchasing an additional 2,302 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Apple Stock Up 1.9 %

Apple stock opened at $153.83 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. The business’s 50-day simple moving average is $142.26 and its two-hundred day simple moving average is $146.04. The company has a market cap of $2.43 trillion, a PE ratio of 26.12, a PEG ratio of 2.00 and a beta of 1.30. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The company had revenue of $117.15 billion during the quarter, compared to analysts’ expectations of $121.67 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Apple’s dividend payout ratio is presently 15.62%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Rosenblatt Securities lifted their target price on Apple from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Oppenheimer reduced their price target on Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research report on Monday, December 12th. Canaccord Genuity Group reduced their price target on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. The Goldman Sachs Group initiated coverage on Apple in a research report on Sunday. They issued a “buy” rating and a $199.00 price target for the company. Finally, DA Davidson boosted their price target on Apple from $167.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.94.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.