SJS Investment Consulting Inc. Has $14.69 Million Holdings in Apple Inc. (NASDAQ:AAPL)

SJS Investment Consulting Inc. cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,671 shares of the iPhone maker’s stock after selling 731 shares during the quarter. Apple makes up about 2.5% of SJS Investment Consulting Inc.’s investment portfolio, making the stock its 4th largest position. SJS Investment Consulting Inc.’s holdings in Apple were worth $14,692,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. O Connor Financial Group LLC increased its stake in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in shares of Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares in the last quarter. Menard Financial Group LLC increased its stake in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. raised its holdings in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. Monness Crespi & Hardt lifted their price target on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. KeyCorp restated an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 target price on shares of Apple in a report on Friday, January 31st. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Price Performance

Apple stock opened at $214.00 on Tuesday. The business has a 50 day simple moving average of $233.90 and a 200 day simple moving average of $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. The company has a market capitalization of $3.21 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Apple’s payout ratio is presently 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.