Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by JB Capital LLC

JB Capital LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,572 shares of the iPhone maker’s stock after buying an additional 703 shares during the quarter. Apple accounts for approximately 2.1% of JB Capital LLC’s investment portfolio, making the stock its 11th largest position. JB Capital LLC’s holdings in Apple were worth $38,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Drystone LLC acquired a new position in shares of Apple in the 4th quarter worth $25,000. Bull Oak Capital LLC raised 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 valued at $36,000 after purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the third quarter valued at $110,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAPL shares. JPMorgan Chase & Co. raised their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Monness Crespi & Hardt raised their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Citigroup lifted their target price on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.52.

Apple Stock Performance

AAPL opened at $222.13 on Tuesday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The firm has a market capitalization of $3.34 trillion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock’s 50 day moving average price is $230.54 and its two-hundred day moving average price is $233.42. 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 announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 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.