Fjell Capital LLC Purchases 4,525 Shares of Apple Inc. $AAPL

Fjell Capital LLC increased its position in Apple Inc. (NASDAQ:AAPLFree Report) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,799 shares of the iPhone maker’s stock after acquiring an additional 4,525 shares during the quarter. Apple comprises about 3.9% of Fjell Capital LLC’s investment portfolio, making the stock its 8th biggest position. Fjell Capital LLC’s holdings in Apple were worth $5,111,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. First National Bank of Hutchinson boosted its holdings in Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock valued at $8,845,000 after purchasing an additional 6,982 shares during the period. Eagle Capital Management LLC grew its position in Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock worth $13,544,000 after purchasing an additional 272 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after buying an additional 2,695 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its position in shares of Apple by 2.4% during the fourth quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock valued at $12,587,000 after buying an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Apple in a research report on Wednesday, March 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. KGI Securities upgraded Apple to an “outperform” rating and set a $306.00 price objective on the stock in a research report on Friday, January 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $315.00 target price on shares of Apple in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $297.58.

Get Our Latest Stock Analysis on Apple

Apple News Roundup

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Apple Stock Up 0.7%

Shares of AAPL opened at $255.63 on Thursday. The stock has a market cap of $3.75 trillion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 2.41 and a beta of 1.11. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The company has a 50-day moving average price of $260.36 and a two-hundred day moving average price of $263.13.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same period in the prior year, the company posted $2.40 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

About Apple

(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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