Apple Inc. (NASDAQ:AAPL) Shares Bought by Stableford Capital II LLC

Stableford Capital II LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,106 shares of the iPhone maker’s stock after acquiring an additional 868 shares during the period. Apple accounts for approximately 1.7% of Stableford Capital II LLC’s portfolio, making the stock its 15th biggest holding. Stableford Capital II LLC’s holdings in Apple were worth $4,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Boit C F David lifted its stake in shares of Apple by 0.3% during the fourth quarter. Boit C F David now owns 30,002 shares of the iPhone maker’s stock valued at $7,513,000 after buying an additional 100 shares during the period. Abundance Wealth Counselors lifted its stake in shares of Apple by 3.0% during the 4th quarter. Abundance Wealth Counselors now owns 57,034 shares of the iPhone maker’s stock worth $14,282,000 after purchasing an additional 1,680 shares during the period. Brio Consultants LLC boosted its holdings in shares of Apple by 9.9% during the fourth quarter. Brio Consultants LLC now owns 38,689 shares of the iPhone maker’s stock worth $9,689,000 after purchasing an additional 3,489 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in shares of Apple by 20.4% during the fourth quarter. Independence Bank of Kentucky now owns 120,698 shares of the iPhone maker’s stock worth $30,225,000 after purchasing an additional 20,441 shares during the last quarter. Finally, OFC Financial Planning LLC acquired a new position in Apple in the fourth quarter valued at $20,828,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Evercore ISI raised their target price 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. DA Davidson set a $290.00 price target on shares of Apple in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $245.52.

Apple Stock Down 2.7 %

Shares of NASDAQ:AAPL opened at $217.90 on Friday. The firm has a market cap of $3.27 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a fifty day simple moving average of $230.70 and a 200 day simple moving average of $233.35. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

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

Apple Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Apple Company 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.