Tlwm Has $1.32 Million Stake in Apple Inc. (NASDAQ:AAPL)

Tlwm grew its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 26.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,927 shares of the iPhone maker’s stock after purchasing an additional 3,125 shares during the quarter. Apple comprises 0.6% of Tlwm’s portfolio, making the stock its 18th biggest holding. Tlwm’s holdings in Apple were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Apple by 0.7% in 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after buying an additional 4,831,418 shares during the period. Legal & General Group Plc lifted its stake in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after buying an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. grew its position in Apple by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after acquiring an additional 8,716,964 shares during the period. 57.60% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $148.50 on Friday. 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 Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The firm has a 50 day moving average of $144.02 and a 200-day moving average of $145.70. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.99 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.05). The company had revenue of $117.15 billion during the quarter, compared to the consensus estimate of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $2.10 earnings per share. On average, equities analysts forecast 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, February 10th. This is a boost from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio (DPR) is 15.62%.

Analysts Set New Price Targets

A number of brokerages have commented on AAPL. UBS Group set a $180.00 price objective on Apple in a research report on Tuesday, March 7th. Morgan Stanley boosted their target price on shares of Apple from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. JPMorgan Chase & Co. set a $175.00 price objective on Apple in a research report on Wednesday, March 1st. Fundamental Research restated a “buy” rating and issued a $168.00 price objective on shares of Apple in a research report on Tuesday, February 14th. Finally, Cowen lowered their target price on shares of Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Two 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. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $168.24.

Apple 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.