Apple Inc. (NASDAQ:AAPL) is Narus Financial Partners LLC’s 7th Largest Position

Narus Financial Partners LLC lifted its stake in Apple Inc. (NASDAQ:AAPL) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,116 shares of the iPhone maker’s stock after buying an additional 580 shares during the period. Apple makes up 1.5% of Narus Financial Partners LLC’s investment portfolio, making the stock its 7th largest holding. Narus Financial Partners LLC’s holdings in Apple were worth $4,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Drystone LLC purchased a new stake in shares of Apple in the 4th quarter valued at about $25,000. Bull Oak Capital LLC increased 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 buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc boosted its holdings in shares of 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 period. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter worth approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

Apple stock opened at $223.85 on Friday. The stock has a fifty day moving average of $230.94 and a two-hundred day moving average of $233.28. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.44 and a beta of 1.18. 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 (NASDAQ:AAPL) last issued its quarterly 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 return on equity of 160.83% and a net margin of 24.30%. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

Several analysts recently commented on AAPL shares. Raymond James increased their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Citigroup increased their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. KeyCorp reissued an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. Barclays upped their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Four research 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.