Apple Inc. $AAPL Shares Bought by 5th Street Advisors LLC

5th Street Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPLFree Report) by 53.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,310 shares of the iPhone maker’s stock after purchasing an additional 6,000 shares during the quarter. Apple comprises 2.2% of 5th Street Advisors LLC’s holdings, making the stock its 18th largest position. 5th Street Advisors LLC’s holdings in Apple were worth $4,408,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. American Alpha Advisors LLC grew its position in Apple by 3.7% during the 3rd quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker’s stock worth $293,000 after purchasing an additional 41 shares during the period. Capstone Wealth Management LLC raised its position in Apple by 0.5% during the third quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock valued at $2,174,000 after acquiring an additional 42 shares in the last quarter. Aspetuck Financial Management LLC lifted its holdings in Apple by 0.3% in the third quarter. Aspetuck Financial Management LLC now owns 17,702 shares of the iPhone maker’s stock valued at $4,507,000 after acquiring an additional 46 shares during the period. Baker Boyer National Bank boosted its position in Apple by 0.3% in the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Finally, Beddow Capital Management Inc. grew its stake in shares of Apple by 1.8% during the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen reissued a “buy” rating and set a $325.00 price target on shares of Apple in a report on Friday, January 30th. Raymond James Financial restated a “market perform” rating on shares of Apple in a research report on Friday, January 2nd. Royal Bank Of Canada set a $325.00 price target on Apple in a research note on Monday, February 2nd. Wall Street Zen downgraded Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Oppenheimer restated a “market perform” rating on shares of Apple in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $294.43.

Read Our Latest Stock Report on AAPL

Apple Stock Up 0.2%

Shares of AAPL opened at $264.72 on Tuesday. The stock has a 50 day moving average price of $264.54 and a 200 day moving average price of $259.82. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.36 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.40 EPS. Equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio is presently 13.15%.

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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