Strategic Point Investment Advisors LLC Has $2.08 Million Stake in Apple Inc. (NASDAQ:AAPL)

Strategic Point Investment Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,298 shares of the iPhone maker’s stock after acquiring an additional 1,036 shares during the quarter. Apple comprises 0.3% of Strategic Point Investment Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Strategic Point Investment Advisors LLC’s holdings in Apple were worth $2,078,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AAPL. State Street Corp boosted its holdings in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. FMR LLC lifted its holdings in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Wells Fargo & Company raised their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Evercore ISI boosted their price target on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Bank of America raised their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Trading Down 1.0 %

NASDAQ AAPL opened at $221.53 on Thursday. The firm has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s 50 day moving average is $231.03 and its 200 day moving average is $233.35. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Research analysts forecast 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. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. 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.