Boit C F David Raises Stake in Apple Inc. (NASDAQ:AAPL)

Boit C F David raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,002 shares of the iPhone maker’s stock after purchasing an additional 100 shares during the period. Apple accounts for about 3.8% of Boit C F David’s portfolio, making the stock its 5th largest position. Boit C F David’s holdings in Apple were worth $7,513,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AAPL. International Assets Investment Management LLC lifted its position in shares of Apple by 20,372.7% during the third 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 buying an additional 93,886,664 shares during the last quarter. State Street Corp grew its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 in the last quarter. FMR LLC lifted 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 valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% in the third 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. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Citigroup increased their price target on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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 price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company’s 50-day simple moving average is $230.70 and its 200-day simple moving average is $233.35. 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 Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 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.