HFG Advisors Inc. Has $1.07 Million Position in Apple Inc. (NASDAQ:AAPL)

HFG Advisors Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,281 shares of the iPhone maker’s stock after buying an additional 161 shares during the quarter. HFG Advisors Inc.’s holdings in Apple were worth $1,072,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. High Net Worth Advisory Group LLC boosted its stake in Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. bought a new stake in shares of Apple during the 3rd quarter valued at $288,000. Sterling Investment Counsel LLC lifted its stake in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the period. Silicon Valley Capital Partners boosted its position in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in shares of Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after purchasing an additional 3,935 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AAPL. Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Citigroup increased their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Friday, March 14th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.52.

Apple Trading Up 0.5 %

Shares of Apple stock opened at $223.19 on Wednesday. The stock has a market cap of $3.35 trillion, a P/E ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The business’s 50 day moving average is $230.55 and its 200-day moving average is $233.43.

Apple (NASDAQ:AAPL) last posted its quarterly 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 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Apple 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.