Apple Inc. (NASDAQ:AAPL) Shares Bought by Pacific Sage Partners LLC

Pacific Sage Partners LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,096 shares of the iPhone maker’s stock after acquiring an additional 1,351 shares during the quarter. Apple makes up 1.9% of Pacific Sage Partners LLC’s holdings, making the stock its 10th largest holding. Pacific Sage Partners LLC’s holdings in Apple were worth $8,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Drystone LLC acquired a new stake in Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 2.7 %

AAPL opened at $217.90 on Monday. The company has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm’s fifty day moving average price is $230.70 and its two-hundred day moving average price is $233.43. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Morgan Stanley dropped their target price on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Citigroup raised their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $245.52.

Apple Profile

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.