Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Grandview Asset Management LLC

Posted by Defense World Staff on Mar 19th, 2023

Grandview Asset Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,489 shares of the iPhone maker’s stock after selling 470 shares during the quarter. Apple makes up approximately 8.2% of Grandview Asset Management LLC’s portfolio, making the stock its biggest holding. Grandview Asset Management LLC’s holdings in Apple were worth $13,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Robinson Value Management Ltd. purchased a new position in shares of Apple during the third quarter worth approximately $28,000. Hanseatic Management Services Inc. grew its holdings in shares of Apple by 75.4% in the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Bluestem Financial Advisors LLC boosted its holdings in Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 229,929 shares in the last quarter. HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Apple in the second quarter valued at $55,000. 57.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the topic of a number of research reports. Rosenblatt Securities boosted their target price on shares of Apple from $165.00 to $173.00 and gave the company a “buy” rating in a report on Friday, February 3rd. DA Davidson lifted their price target on Apple from $167.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Barclays lifted their price target on Apple from $133.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Cowen decreased their target price on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Finally, Wedbush boosted their target price on Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.24.

Apple Stock Performance

NASDAQ:AAPL opened at $155.00 on Friday. The stock’s fifty day moving average is $146.64 and its 200 day moving average is $145.32. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The firm has a market capitalization of $2.45 trillion, a PE ratio of 26.32, a PEG ratio of 2.03 and a beta of 1.30. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The company had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. During the same quarter in the previous year, the company posted $2.10 EPS. The business’s quarterly revenue was down 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Apple Inc. will post 6.04 earnings per share for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 10th. This is an increase from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio is 15.62%.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.