MKT Advisors LLC Has $3.16 Million Stake in Apple Inc. (NASDAQ:AAPL)

MKT Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,754 shares of the iPhone maker’s stock after buying an additional 882 shares during the period. Apple makes up 1.4% of MKT Advisors LLC’s holdings, making the stock its 13th biggest holding. MKT Advisors LLC’s holdings in Apple were worth $3,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AAPL. Passive Capital Management LLC. lifted its holdings in Apple by 52.6% in the second quarter. Passive Capital Management LLC. now owns 4,244 shares of the iPhone maker’s stock valued at $894,000 after buying an additional 1,462 shares during the period. Alternative Investment Advisors LLC. acquired a new position in shares of Apple during the second quarter valued at about $1,151,000. Sage Advisors LLC raised its holdings in shares of Apple by 3.3% during the second quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after purchasing an additional 1,416 shares during the period. Ashburton Jersey Ltd acquired a new position in shares of Apple during the second quarter valued at about $15,855,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Apple during the second quarter valued at about $7,371,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAPL shares. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Sanford C. Bernstein upped their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley dropped their price objective on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. Four 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Down 0.6 %

Apple stock opened at $212.69 on Wednesday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a 50 day moving average price of $233.31 and a 200-day moving average price of $233.60. The company 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. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared 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. 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 currently 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.