2,123 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by FSA Investment Group LLC

FSA Investment Group LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,123 shares of the iPhone maker’s stock, valued at approximately $495,000. Apple accounts for 0.4% of FSA Investment Group LLC’s holdings, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiduciary Advisors Inc. acquired a new position in shares of Apple in the 4th quarter valued at $203,000. Cibc World Market Inc. boosted its holdings in Apple by 2.8% in the fourth quarter. Cibc World Market Inc. now owns 4,313,593 shares of the iPhone maker’s stock valued at $1,080,210,000 after acquiring an additional 117,592 shares during the last quarter. EMC Capital Management boosted its holdings in Apple by 65.4% in the fourth quarter. EMC Capital Management now owns 1,475 shares of the iPhone maker’s stock valued at $369,000 after acquiring an additional 583 shares during the last quarter. M Wealth Management LLC purchased a new stake in Apple during the fourth quarter valued at about $2,078,000. Finally, Strategic Point Investment Advisors LLC increased its stake in Apple by 14.3% during the fourth quarter. Strategic Point Investment Advisors LLC now owns 8,298 shares of the iPhone maker’s stock worth $2,078,000 after acquiring an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $221.53 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The business has a 50 day simple moving average of $231.03 and a 200-day simple moving average of $233.35.

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

Apple Dividend Announcement

The firm also recently disclosed 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. 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%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AAPL shares. Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Maxim Group increased their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average 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.