Apple Inc. (NASDAQ:AAPL) is Asio Capital LLC’s 7th Largest Position

Asio Capital LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,788 shares of the iPhone maker’s stock after buying an additional 674 shares during the quarter. Apple comprises 2.5% of Asio Capital LLC’s portfolio, making the stock its 7th largest holding. Asio Capital LLC’s holdings in Apple were worth $10,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AAPL. Conservest Capital Advisors Inc. raised its holdings in shares of Apple by 0.3% during the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares in the last quarter. Kraft Davis & Associates LLC raised its holdings in shares of Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares in the last quarter. MKT Advisors LLC raised its holdings in shares of Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after acquiring an additional 60 shares in the last quarter. Cassia Capital Partners LLC raised its holdings in shares of Apple by 1.2% during the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after acquiring an additional 60 shares in the last quarter. Finally, Family CFO Inc raised its holdings in shares of Apple by 6.7% during the third quarter. Family CFO Inc now owns 950 shares of the iPhone maker’s stock valued at $163,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 1.1 %

Apple stock opened at $171.48 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a one year low of $159.35 and a one year high of $199.62. The stock has a market capitalization of $2.65 trillion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The business’s fifty day moving average is $180.75 and its 200 day moving average is $182.53.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the firm posted $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AAPL shares. Morgan Stanley restated an “overweight” rating and set a $220.00 target price on shares of Apple in a report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. DA Davidson initiated coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective for the company. Barclays decreased their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Finally, The Goldman Sachs Group increased their price objective on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $204.53.

View Our Latest Stock Report on AAPL

Apple Company Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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