Apple Inc. (NASDAQ:AAPL) Holdings Raised by InTrack Investment Management Inc

InTrack Investment Management Inc lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 13.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 27,065 shares of the iPhone maker’s stock after acquiring an additional 3,104 shares during the period. Apple makes up approximately 4.4% of InTrack Investment Management Inc’s investment portfolio, making the stock its 3rd largest holding. InTrack Investment Management Inc’s holdings in Apple were worth $6,314,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the 2nd quarter worth approximately $42,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $238.03 on Tuesday. The stock has a 50-day moving average price of $239.26 and a two-hundred day moving average price of $233.85. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.58 trillion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Wells Fargo & Company raised their target price on Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Moffett Nathanson reissued a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.88.

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.