Apple Inc. (NASDAQ:AAPL) is Abel Hall LLC’s 7th Largest Position

Abel Hall LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,495 shares of the iPhone maker’s stock after purchasing an additional 647 shares during the quarter. Apple accounts for approximately 2.6% of Abel Hall LLC’s portfolio, making the stock its 7th largest holding. Abel Hall LLC’s holdings in Apple were worth $4,131,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Drystone LLC purchased a new position in shares of Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC raised its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Christopher J. Hasenberg Inc raised its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Apple during the third quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AAPL shares. Evercore ISI upped their price target on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Monness Crespi & Hardt increased their target price on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Maxim Group raised their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Finally, UBS Group raised their price objective on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Price Performance

Apple stock opened at $223.75 on Wednesday. The company’s 50 day simple moving average is $231.35 and its 200-day simple moving average is $233.43. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 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.