City Center Advisors LLC Acquires 110 Shares of Apple Inc. (NASDAQ:AAPL)

City Center Advisors LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,425 shares of the iPhone maker’s stock after buying an additional 110 shares during the period. Apple makes up 1.0% of City Center Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. City Center Advisors LLC’s holdings in Apple were worth $858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bull Oak Capital LLC increased its stake 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 last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the third quarter valued at about $77,000. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $245.83 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The stock has a market cap of $3.69 trillion, a P/E ratio of 39.02, a P/E/G ratio of 2.43 and a beta of 1.20. The stock has a 50 day moving average of $240.52 and a two-hundred day moving average of $232.29. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Maxim Group raised their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Activity at Apple

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

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.