Apple Inc. (NASDAQ:AAPL) Stake Increased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 229,871 shares of the iPhone maker’s stock after acquiring an additional 837 shares during the quarter. Apple comprises approximately 3.0% of Flagship Harbor Advisors LLC’s portfolio, making the stock its 4th biggest holding. Flagship Harbor Advisors LLC’s holdings in Apple were worth $57,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. High Net Worth Advisory Group LLC raised its position in shares of Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new stake in Apple in the 3rd quarter valued at about $288,000. Sterling Investment Counsel LLC raised its stake in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners increased its holdings in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of Apple in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Maxim Group upped their target price on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a report on Monday, January 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.22.

Apple Stock Up 0.2 %

AAPL opened at $214.00 on Tuesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market cap of $3.21 trillion, a P/E ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s 50 day moving average price is $233.90 and its 200 day moving average price is $233.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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

Apple Dividend Announcement

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

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.