Apple Inc. (NASDAQ:AAPL) Stake Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 14.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 621,494 shares of the iPhone maker’s stock after acquiring an additional 80,784 shares during the period. Apple accounts for approximately 5.5% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 3rd biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Apple were worth $155,635,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC grew its stake in Apple by 252.3% during the 3rd 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 last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AAPL shares. Raymond James upped their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Sanford C. Bernstein upped their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. KeyCorp restated an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 price objective on Apple in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple presently 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’s 50-day moving average is $230.70 and its two-hundred day moving average is $233.35. The company has a market capitalization 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. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last posted its earnings results 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%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

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.