Matrix Trust Co Raises Position in Apple Inc. (NASDAQ:AAPL)

Matrix Trust Co grew its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,573 shares of the iPhone maker’s stock after acquiring an additional 389 shares during the quarter. Apple accounts for approximately 0.5% of Matrix Trust Co’s holdings, making the stock its 25th largest holding. Matrix Trust Co’s holdings in Apple were worth $3,149,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AAPL. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% in the third 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 last quarter. Hershey Financial Advisers LLC acquired a new position in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 0.4 %

AAPL stock opened at $245.83 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm has a market cap of $3.69 trillion, a PE ratio of 39.02, a PEG ratio of 2.43 and a beta of 1.20. The firm’s 50 day moving average price is $240.52 and its 200-day moving average price is $232.29. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPLGet Free Report) last posted its earnings results 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%. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Bank of America lifted their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays upped their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Raymond James lifted their price target on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Finally, UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Read Our Latest Stock Report on AAPL

Apple Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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