Matrix Asset Advisors Inc. NY Purchases 2,161 Shares of Apple Inc. (NASDAQ:AAPL)

Matrix Asset Advisors Inc. NY boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,768 shares of the iPhone maker’s stock after buying an additional 2,161 shares during the quarter. Apple makes up 3.9% of Matrix Asset Advisors Inc. NY’s holdings, making the stock its 4th biggest position. Matrix Asset Advisors Inc. NY’s holdings in Apple were worth $35,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC grew its position in shares of Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter valued at about $288,000. Sterling Investment Counsel LLC grew its position in shares of Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners boosted its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

Shares of AAPL stock opened at $218.27 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average price of $231.82 and a 200 day moving average price of $233.33. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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%. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. Maxim Group boosted their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group boosted their price target on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target 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. Finally, TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four equities research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.