united american securities inc. d b a uas asset management Has $50.87 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

united american securities inc. d b a uas asset management raised its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 12.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 368,112 shares of the iPhone maker’s stock after purchasing an additional 41,903 shares during the period. Apple makes up approximately 16.1% of united american securities inc. d b a uas asset management’s holdings, making the stock its 4th biggest position. united american securities inc. d b a uas asset management’s holdings in Apple were worth $50,873,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AAPL. Wealthspire Advisors LLC raised its stake in shares of Apple by 42.8% in the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after buying an additional 89,865 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Apple by 35.7% in the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after buying an additional 6,735 shares in the last quarter. Callan Capital LLC raised its stake in shares of Apple by 1.6% in the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after buying an additional 1,322 shares in the last quarter. Bennett Selby Investments LP raised its stake in shares of Apple by 0.3% in the 3rd quarter. Bennett Selby Investments LP now owns 151,793 shares of the iPhone maker’s stock valued at $20,978,000 after buying an additional 450 shares in the last quarter. Finally, Acute Investment Advisory LLC raised its stake in shares of Apple by 212.0% in the 2nd quarter. Acute Investment Advisory LLC now owns 11,332 shares of the iPhone maker’s stock valued at $1,549,000 after buying an additional 7,700 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Apple Price Performance

AAPL opened at $148.50 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The stock has a market capitalization of $2.35 trillion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.99 and a beta of 1.30. The stock’s 50 day moving average price is $144.02 and its 200-day moving average price is $145.70.

Apple (NASDAQ:AAPL – Get Rating) last released its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $121.67 billion. During the same period last year, the firm posted $2.10 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were given a dividend of $0.23 per share. 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 is 15.62%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Apple in a research note on Sunday, March 5th. They issued a “buy” rating and a $199.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and set a $195.00 target price on shares of Apple in a research report on Thursday, March 2nd. UBS Group set a $180.00 target price on shares of Apple in a research report on Tuesday, March 7th. Evercore ISI reiterated an “outperform” rating and set a $190.00 target price on shares of Apple in a research report on Monday, February 6th. Finally, Oppenheimer decreased their price objective 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. 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, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $168.24.

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.