Yousif Capital Management LLC Has $287.26 Million Position in Apple Inc. (NASDAQ:AAPL)

Yousif Capital Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,210,886 shares of the iPhone maker’s stock after buying an additional 48,385 shares during the period. Apple comprises about 3.8% of Yousif Capital Management LLC’s portfolio, making the stock its biggest holding. Yousif Capital Management LLC’s holdings in Apple were worth $287,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AAPL. Robinson Value Management Ltd. acquired a new position in shares of Apple during the 3rd quarter worth $28,000. Hanseatic Management Services Inc. increased 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 purchasing an additional 107 shares in the last quarter. Bluestem Financial Advisors LLC increased its holdings in Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC increased its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in Apple in the 2nd quarter worth about $55,000. Institutional investors and hedge funds own 57.60% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $160.00 target price on Apple in a report on Friday, February 3rd. National Bank Financial lowered their target price on Apple to $54.00 and set an “outperform” rating for the company in a report on Friday, January 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of Apple in a report on Thursday, March 2nd. BNP Paribas cut Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Tuesday, January 3rd. Finally, Rosenblatt Securities increased their price target on Apple from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.24.

Apple Stock Performance

Shares of Apple stock opened at $155.00 on Friday. The company has a market cap of $2.45 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The business has a 50 day moving average price of $146.64 and a 200-day moving average price of $145.32. 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 issued its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 EPS 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 analysts’ expectations of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the company earned $2.10 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. The ex-dividend date was Friday, February 10th. This is an increase from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio is 15.62%.

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.