Hamilton Point Investment Advisors LLC Has $26.02 Million Position in Apple Inc. (NASDAQ:AAPL)

Hamilton Point Investment Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,885 shares of the iPhone maker’s stock after acquiring an additional 4,228 shares during the quarter. Apple comprises 4.6% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Hamilton Point Investment Advisors LLC’s holdings in Apple were worth $26,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its position in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares in the last quarter. FMR LLC grew its position in Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC increased its stake in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. raised 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 acquiring an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of 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 valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Maxim Group boosted their price target on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Apple in a research report on Friday, March 14th. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Finally, Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. 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 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 Trading Up 1.0 %

AAPL opened at $223.85 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a fifty day moving average of $230.94 and a 200-day moving average of $233.28. The stock has a market cap of $3.36 trillion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple’s 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.