Apple Inc. (NASDAQ:AAPL) is Catalina Capital Group LLC’s Largest Position

Catalina Capital Group LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,303 shares of the iPhone maker’s stock after acquiring an additional 2,622 shares during the quarter. Apple comprises approximately 6.6% of Catalina Capital Group LLC’s investment portfolio, making the stock its biggest position. Catalina Capital Group LLC’s holdings in Apple were worth $20,109,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Drystone LLC purchased a new stake in Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC grew its holdings in shares of 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 purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter valued at about $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $223.19 on Wednesday. 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. The firm’s 50 day moving average is $230.55 and its two-hundred day moving average is $233.43. The firm has a market capitalization of $3.35 trillion, a P/E ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced 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 (DPR) is currently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Maxim Group boosted their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Finally, Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four equities research 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.52.

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.