Apple Inc. (NASDAQ:AAPL) is Tsfg LLC’s 9th Largest Position

Tsfg LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,933 shares of the iPhone maker’s stock after buying an additional 1,051 shares during the period. Apple comprises approximately 2.8% of Tsfg LLC’s holdings, making the stock its 9th largest position. Tsfg LLC’s holdings in Apple were worth $13,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bull Oak Capital LLC increased its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple in the 2nd quarter worth $42,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter valued at about $71,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the 3rd quarter valued at about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.1 %

NASDAQ AAPL opened at $245.55 on Friday. The stock has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20. The stock’s 50 day moving average price is $240.47 and its two-hundred day moving average price is $232.72. 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 Inc. has a 52 week low of $164.07 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 return on equity of 160.83% and a net margin of 24.30%. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Bank of America increased their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Maxim Group increased their price target on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $244.85.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by insiders.

Apple Company 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.