Apple Inc. (NASDAQ:AAPL) is Childress Capital Advisors LLC’s 6th Largest Position

Childress Capital Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,102 shares of the iPhone maker’s stock after acquiring an additional 543 shares during the quarter. Apple makes up 3.6% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 6th biggest holding. Childress Capital Advisors LLC’s holdings in Apple were worth $13,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB lifted its holdings in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Thomasville National Bank grew its stake in Apple by 6.6% during the 3rd quarter. Thomasville National Bank now owns 264,740 shares of the iPhone maker’s stock worth $61,684,000 after buying an additional 16,478 shares during the last quarter. High Net Worth Advisory Group LLC increased its position in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares during the period. Svenska Handelsbanken AB publ purchased a new stake in Apple in the third quarter valued at approximately $32,146,000. Finally, Orca Investment Management LLC boosted its holdings in shares of Apple by 5.6% in the third quarter. Orca Investment Management LLC now owns 40,046 shares of the iPhone maker’s stock valued at $9,331,000 after acquiring an additional 2,116 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of Apple stock opened at $223.89 on Thursday. The business’s fifty day moving average price is $230.55 and its 200 day moving average price is $233.36. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.36 trillion, a P/E ratio of 35.54, a PEG 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 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%. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend 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%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Friday, March 14th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Four 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock 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.