Apple Inc. (NASDAQ:AAPL) is Empirical Asset Management LLC’s 10th Largest Position

Empirical Asset Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 27.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,997 shares of the iPhone maker’s stock after acquiring an additional 2,154 shares during the period. Apple comprises approximately 1.6% of Empirical Asset Management LLC’s portfolio, making the stock its 10th largest position. Empirical Asset Management LLC’s holdings in Apple were worth $1,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Moneta Group Investment Advisors LLC raised its holdings in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after buying an additional 569,066,184 shares during the last quarter. Norges Bank acquired a new position in shares of Apple during the fourth quarter worth about $21,746,940,000. Morgan Stanley increased its stake in shares of Apple by 14.2% during the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after acquiring an additional 25,926,552 shares during the period. Barclays PLC increased its stake in shares of Apple by 60.0% during the second quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock worth $9,103,464,000 after acquiring an additional 17,604,799 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Apple by 154.9% during the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock worth $1,729,270,000 after acquiring an additional 14,157,430 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 1.1 %

Shares of AAPL opened at $171.48 on Monday. The business’s 50-day moving average price is $180.75 and its 200 day moving average price is $182.57. The stock has a market capitalization of $2.65 trillion, a P/E ratio of 26.71, a P/E/G ratio of 2.07 and a beta of 1.29. Apple Inc. has a 1-year low of $159.35 and a 1-year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. Analysts expect that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Buying and Selling at Apple

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup restated a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Friday, February 16th. Piper Sandler reduced their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. DZ Bank reaffirmed a “hold” rating and set a $180.00 price target on shares of Apple in a research note on Thursday. Finally, Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price target for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.53.

Check Out Our Latest Stock Report on Apple

Apple 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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