HT Partners LLC Has $2.49 Million Holdings in Apple Inc. (NASDAQ:AAPL)

HT Partners LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,939 shares of the iPhone maker’s stock after selling 404 shares during the quarter. Apple comprises approximately 0.8% of HT Partners LLC’s investment portfolio, making the stock its 15th biggest position. HT Partners LLC’s holdings in Apple were worth $2,489,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.1 %

AAPL opened at $220.73 on Tuesday. The firm has a market capitalization of $3.32 trillion, a PE ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. 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 company’s 50-day moving average is $231.54 and its 200 day moving average is $233.41.

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 return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. Morgan Stanley decreased their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Maxim Group boosted their price objective on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Wells Fargo & Company lifted their price target on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein upped their price objective on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

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.