Aviance Capital Partners LLC grew its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,767 shares of the iPhone maker’s stock after acquiring an additional 4,269 shares during the period. Apple comprises approximately 7.9% of Aviance Capital Partners LLC’s portfolio, making the stock its largest position. Aviance Capital Partners LLC’s holdings in Apple were worth $35,580,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. St. James Investment Advisors LLC grew its holdings in Apple by 98.3% during the 4th quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock worth $31,000 after acquiring an additional 117 shares in the last quarter. Cheyne Capital Management UK LLP grew its stake in shares of Apple by 200.0% during the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. HBC Financial Services PLLC increased 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 buying an additional 80 shares during the last quarter. PayPay Securities Corp acquired a new stake in Apple in the fourth quarter valued at $60,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Apple during the 4th quarter worth about $93,000. Hedge funds and other institutional investors own 58.51% of the company’s stock.
Apple Price Performance
Shares of NASDAQ AAPL opened at $182.91 on Thursday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The firm has a market capitalization of $2.86 trillion, a P/E ratio of 30.74, a PEG ratio of 2.76 and a beta of 1.27. The company’s fifty day moving average is $186.81 and its two-hundred day moving average is $174.06.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s payout ratio is currently 16.13%.
Insider Buying and Selling
In other news, SVP Deirdre O’brien sold 15,419 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the transaction, the senior vice president now owns 136,445 shares in the company, valued at $24,363,619.20. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AAPL has been the topic of a number of recent analyst reports. StockNews.com started coverage on Apple in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Apple in a report on Thursday, August 17th. KeyCorp upped their target price on shares of Apple from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 11th. Oppenheimer lifted their price target on shares of Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Finally, Sanford C. Bernstein upped their price objective on shares of Apple from $175.00 to $195.00 and gave the company a “market perform” rating in a research note on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.86.
View Our Latest Stock Report on AAPL
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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