jvl associates llc cut its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,909 shares of the iPhone maker’s stock after selling 39,396 shares during the quarter. Apple comprises 4.0% of jvl associates llc’s portfolio, making the stock its 8th biggest position. jvl associates llc’s holdings in Apple were worth $6,874,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of AAPL. Robinson Value Management Ltd. acquired a new position in shares of Apple during the 3rd quarter valued at $28,000. Hanseatic Management Services Inc. boosted its position 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 buying an additional 107 shares during the period. Bluestem Financial Advisors LLC boosted its position in shares of Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after buying an additional 229,929 shares during the period. HBC Financial Services PLLC boosted its position in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in Apple during the second quarter valued at $55,000. Institutional investors and hedge funds own 57.60% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Barclays boosted 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. Credit Suisse Group set a $184.00 price target on Apple in a research note on Monday, February 6th. Bank of America boosted their price target on Apple from $153.00 to $158.00 in a research note on Friday, February 3rd. Wedbush upped their price objective on Apple from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. Finally, Deutsche Bank Aktiengesellschaft set a $160.00 target price on Apple in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.24.
Apple Stock Up 1.5 %
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The business had revenue of $117.15 billion during the quarter, compared to analysts’ expectations of $121.67 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. Analysts predict that Apple Inc. will post 6.04 earnings per share for the current fiscal year.
Apple Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. 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 payout ratio is 15.62%.
About Apple
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.
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