Exos TFP Holdings LLC Invests $5.18 Million in Apple Inc. (NASDAQ:AAPL)

Exos TFP Holdings LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) in the third quarter, according to its most recent filing with the SEC. The firm purchased 37,493 shares of the iPhone maker’s stock, valued at approximately $5,182,000. Apple accounts for 2.4% of Exos TFP Holdings LLC’s portfolio, making the stock its 2nd largest holding.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock worth $32,527,162,000 after purchasing an additional 4,831,418 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after purchasing an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after purchasing an additional 8,716,964 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Apple stock opened at $148.50 on Friday. 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. The firm’s 50-day simple moving average is $144.02 and its 200 day simple moving average is $145.70. The firm has a market capitalization of $2.35 trillion, a PE ratio of 25.21, a P/E/G ratio of 1.99 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last issued its earnings results 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). The firm had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.10 EPS. On average, equities research analysts predict that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, February 10th. This represents a $0.92 annualized dividend and a yield of 0.62%. This is a boost from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio (DPR) is currently 15.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AAPL shares. Deutsche Bank Aktiengesellschaft set a $160.00 price target on shares of Apple in a research note on Friday, February 3rd. The Goldman Sachs Group assumed coverage on shares of Apple in a research report on Sunday, March 5th. They set a “buy” rating and a $199.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research note on Friday, February 3rd. Oppenheimer cut their price target on shares of Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a report on Monday, December 12th. Finally, Sanford C. Bernstein set a $125.00 target price on shares of Apple in a report on Tuesday, January 24th. Two investment 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.24.

About Apple

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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.