Dash Acquisitions Inc. Has $6.71 Million Stock Position in Apple Inc. $AAPL

Dash Acquisitions Inc. raised its position in Apple Inc. (NASDAQ:AAPLFree Report) by 25.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,863 shares of the iPhone maker’s stock after buying an additional 4,983 shares during the period. Apple accounts for about 1.3% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 23rd biggest position. Dash Acquisitions Inc.’s holdings in Apple were worth $6,706,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AAPL. Sellwood Investment Partners LLC lifted its position in Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after buying an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC raised its position in Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. LSV Asset Management acquired a new position in Apple during the 4th quarter worth $65,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in Apple by 41.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock valued at $88,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.5%

Shares of NASDAQ:AAPL opened at $264.58 on Friday. The company has a 50 day moving average price of $265.00 and a two-hundred day moving average price of $257.42. 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 company has a market capitalization of $3.88 trillion, a PE ratio of 33.45, a PEG ratio of 2.32 and a beta of 1.09. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.15%.

More Apple News

Here are the key news stories impacting Apple this week:

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. The Goldman Sachs Group restated a “buy” rating and set a $330.00 target price on shares of Apple in a research report on Friday, January 30th. JPMorgan Chase & Co. boosted 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. Melius Research set a $345.00 target price on shares of Apple in a research report on Friday, October 31st. Sanford C. Bernstein lifted their price target on shares of Apple from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Finally, Citigroup reissued a “buy” rating and set a $315.00 price target (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $292.13.

View Our Latest Analysis on Apple

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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