Apple Inc. (NASDAQ:AAPL) is Asio Capital LLC’s 7th Largest Position

Asio Capital LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,671 shares of the iPhone maker’s stock after selling 395 shares during the period. Apple accounts for about 2.6% of Asio Capital LLC’s holdings, making the stock its 7th biggest position. Asio Capital LLC’s holdings in Apple were worth $13,941,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Passive Capital Management LLC. lifted its holdings in shares of Apple by 52.6% in the 2nd quarter. Passive Capital Management LLC. now owns 4,244 shares of the iPhone maker’s stock worth $894,000 after acquiring an additional 1,462 shares during the last quarter. Alternative Investment Advisors LLC. bought a new stake in Apple during the 2nd quarter valued at $1,151,000. Sage Advisors LLC raised its holdings in 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 buying an additional 1,416 shares during the last quarter. Ashburton Jersey Ltd bought a new stake in Apple during the 2nd quarter valued at $15,855,000. Finally, Mattson Financial Services LLC bought a new stake in Apple during the 2nd quarter valued at $7,371,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.6 %

Shares of AAPL opened at $212.69 on Wednesday. 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 Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a 50 day simple moving average of $233.31 and a two-hundred day simple moving average of $233.60. The firm has a market cap of $3.20 trillion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted 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 net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and set a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Friday, March 14th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

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.