Apple Inc. (NASDAQ:AAPL) is E&G Advisors LP’s 10th Largest Position
E&G Advisors LP trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,475 shares of the iPhone maker’s stock after selling 409 shares during the quarter. Apple accounts for approximately 1.7% of E&G Advisors LP’s portfolio, making the stock its 10th biggest position. E&G Advisors LP’s holdings in Apple were worth $6,378,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in AAPL. AMF Tjanstepension AB increased its position in shares of Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares during the period. Thomasville National Bank grew its holdings in shares of Apple by 6.6% during the third quarter. Thomasville National Bank now owns 264,740 shares of the iPhone maker’s stock worth $61,684,000 after purchasing an additional 16,478 shares during the last quarter. High Net Worth Advisory Group LLC lifted 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 buying an additional 1,066 shares during the last quarter. Svenska Handelsbanken AB publ purchased a new stake in shares of Apple in the third quarter valued at about $32,146,000. Finally, Orca Investment Management LLC grew its stake in shares of Apple by 5.6% in the 3rd quarter. Orca Investment Management LLC now owns 40,046 shares of the iPhone maker’s stock valued at $9,331,000 after purchasing an additional 2,116 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Barclays raised their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $245.52.
Check Out Our Latest Report on Apple
Apple Stock Performance
NASDAQ:AAPL opened at $223.89 on Thursday. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The stock has a market cap of $3.36 trillion, a P/E ratio of 35.54, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a 50-day moving average of $230.55 and a two-hundred day moving average of $233.36.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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 expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.
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.
See Also
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