Apple Inc. (NASDAQ:AAPL) is 1834 Investment Advisors Co.’s 5th Largest Position

1834 Investment Advisors Co. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,286 shares of the iPhone maker’s stock after selling 7,390 shares during the quarter. Apple comprises about 3.5% of 1834 Investment Advisors Co.’s portfolio, making the stock its 5th biggest holding. 1834 Investment Advisors Co.’s holdings in Apple were worth $27,618,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Passive Capital Management LLC. boosted its position in shares of Apple by 52.6% during the 2nd quarter. Passive Capital Management LLC. now owns 4,244 shares of the iPhone maker’s stock valued at $894,000 after acquiring an additional 1,462 shares during the last quarter. Alternative Investment Advisors LLC. acquired a new position in shares of Apple during the 2nd quarter valued at about $1,151,000. Sage Advisors LLC boosted its position in shares of Apple by 3.3% during the 2nd quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after acquiring an additional 1,416 shares during the last quarter. Ashburton Jersey Ltd acquired a new position in shares of Apple during the 2nd quarter valued at about $15,855,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Apple during the 2nd quarter valued at about $7,371,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 target price on shares of Apple in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

Shares of Apple stock opened at $212.69 on Wednesday. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average is $233.31 and its two-hundred day moving average is $233.60.

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

Apple Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

Apple Company 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.