Rodgers & Associates LTD Has $1.63 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Rodgers & Associates LTD trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,491 shares of the iPhone maker’s stock after selling 50 shares during the quarter. Rodgers & Associates LTD’s holdings in Apple were worth $1,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Apple by 254.9% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock worth $22,543,000 after purchasing an additional 76,870 shares during the period. HWG Holdings LP acquired a new stake in shares of Apple during the second quarter worth approximately $14,534,000. Next Capital Management LLC boosted its holdings in shares of Apple by 1.0% during the second quarter. Next Capital Management LLC now owns 44,886 shares of the iPhone maker’s stock worth $9,454,000 after purchasing an additional 425 shares during the period. Pathway Financial Advisers LLC lifted its stake in Apple by 1.3% in the second quarter. Pathway Financial Advisers LLC now owns 24,338 shares of the iPhone maker’s stock valued at $5,101,000 after acquiring an additional 306 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock valued at $1,473,224,000 after acquiring an additional 126,210 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.8 %

Shares of NASDAQ:AAPL opened at $213.49 on Monday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company’s fifty day moving average is $234.52 and its 200-day moving average is $233.82. The company has a market capitalization of $3.21 trillion, a PE ratio of 33.89, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share 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 paid 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 0.47%. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Friday. Four investment 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.22.

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.