Apple Inc. (NASDAQ:AAPL) is Crake Asset Management LLP’s 7th Largest Position

Crake Asset Management LLP lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 44.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,000 shares of the iPhone maker’s stock after selling 93,569 shares during the period. Apple accounts for 4.6% of Crake Asset Management LLP’s investment portfolio, making the stock its 7th biggest holding. Crake Asset Management LLP’s holdings in Apple were worth $16,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Robinson Value Management Ltd. purchased a new stake in shares of Apple during the 3rd quarter worth approximately $28,000. Hanseatic Management Services Inc. boosted its holdings in Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after buying an additional 107 shares during the period. Cheyne Capital Management UK LLP boosted its holdings in Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $293,000 after buying an additional 550 shares during the period. Ramsey Quantitative Systems bought a new position in Apple in the 2nd quarter worth approximately $55,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in Apple in the 3rd quarter worth approximately $55,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. DA Davidson raised their price objective on shares of Apple from $167.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Morgan Stanley raised their price objective on shares of Apple from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Needham & Company LLC reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Friday, February 3rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $195.00 price target on shares of Apple in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.94.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $151.60 on Wednesday. The stock has a market cap of $2.40 trillion, a PE ratio of 25.74, a PEG ratio of 2.00 and a beta of 1.30. The company’s fifty day moving average is $142.69 and its 200 day moving average is $145.90. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The firm 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 firm posted $2.10 EPS. Apple’s revenue was down 5.5% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 6.04 earnings per share for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. This is a boost from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s payout ratio is presently 15.62%.

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.