Apple Inc. (NASDAQ:AAPL) is Cora Capital Advisors LLC’s 5th Largest Position

Cora Capital Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,775 shares of the iPhone maker’s stock after selling 903 shares during the period. Apple accounts for 4.1% of Cora Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Cora Capital Advisors LLC’s holdings in Apple were worth $8,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new position in Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new position in Apple in the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of Apple in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Stock Performance

Apple stock opened at $212.69 on Wednesday. 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 company has a market capitalization of $3.20 trillion, a PE ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. The firm has a fifty day simple moving average of $233.31 and a two-hundred day simple moving average of $233.60. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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 expect that Apple Inc. will post 7.28 EPS for the current 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

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.