TTP Investments Inc. Has $29.36 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

TTP Investments Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,238 shares of the iPhone maker’s stock after acquiring an additional 4,561 shares during the quarter. Apple accounts for 10.3% of TTP Investments Inc.’s portfolio, making the stock its 4th largest holding. TTP Investments Inc.’s holdings in Apple were worth $29,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Precedent Wealth Partners LLC raised its holdings in shares of Apple by 1.8% during the fourth quarter. Precedent Wealth Partners LLC now owns 20,540 shares of the iPhone maker’s stock worth $5,144,000 after acquiring an additional 366 shares in the last quarter. Affiance Financial LLC raised its holdings in shares of Apple by 1.3% during the fourth quarter. Affiance Financial LLC now owns 51,646 shares of the iPhone maker’s stock worth $12,933,000 after acquiring an additional 669 shares in the last quarter. Jacksonville Wealth Management LLC purchased a new stake in shares of Apple during the fourth quarter worth $4,595,000. Flagship Harbor Advisors LLC raised its holdings in shares of Apple by 0.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 229,871 shares of the iPhone maker’s stock worth $57,564,000 after acquiring an additional 837 shares in the last quarter. Finally, Insight Inv LLC raised its holdings in shares of Apple by 7.3% during the fourth quarter. Insight Inv LLC now owns 31,118 shares of the iPhone maker’s stock worth $7,793,000 after acquiring an additional 2,118 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Citigroup raised their target price on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Sanford C. Bernstein raised their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Trading Down 0.6 %

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 fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm 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 company’s 50-day moving average is $233.31 and its 200 day moving average is $233.60.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 dividend payout ratio is currently 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.