Harel Insurance Investments & Financial Services Ltd. Has $156.98 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 626,881 shares of the iPhone maker’s stock after purchasing an additional 2,350 shares during the period. Apple accounts for about 2.6% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 13th biggest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Apple were worth $156,983,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC boosted its position in Apple by 64.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 664,870 shares of the iPhone maker’s stock valued at $166,497,000 after purchasing an additional 260,271 shares during the last quarter. CX Institutional lifted its position in shares of Apple by 11.7% in the fourth quarter. CX Institutional now owns 176,965 shares of the iPhone maker’s stock valued at $44,316,000 after buying an additional 18,481 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $5,789,000. Impact Partnership Wealth LLC lifted its position in shares of Apple by 9.6% in the fourth quarter. Impact Partnership Wealth LLC now owns 44,447 shares of the iPhone maker’s stock valued at $11,130,000 after buying an additional 3,887 shares during the last quarter. Finally, LexAurum Advisors LLC lifted its position in shares of Apple by 0.4% in the fourth quarter. LexAurum Advisors LLC now owns 68,450 shares of the iPhone maker’s stock valued at $17,141,000 after buying an additional 285 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 1.8 %

Shares of AAPL opened at $213.49 on Monday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The business’s fifty day moving average is $234.52 and its 200-day moving average is $233.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. Morgan Stanley cut their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. Raymond James raised their price objective on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Monness Crespi & Hardt raised their price objective on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Profile

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.