Apple Inc. (NASDAQ:AAPL) is Southern Capital Advisors LLC’s 8th Largest Position
Southern Capital Advisors LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 19,916 shares of the iPhone maker’s stock after selling 416 shares during the period. Apple makes up about 2.8% of Southern Capital Advisors LLC’s holdings, making the stock its 8th largest holding. Southern Capital Advisors LLC’s holdings in Apple were worth $4,987,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Drystone LLC acquired a new position in Apple in the 4th quarter worth about $25,000. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake 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 worth $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on AAPL shares. DA Davidson set a $290.00 price objective on shares of Apple in a research report on Friday, January 31st. Morgan Stanley decreased their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Bank of America boosted their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Evercore ISI raised their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.
View Our Latest Analysis on Apple
Apple Price Performance
Shares of NASDAQ AAPL opened at $223.85 on Friday. 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 company has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock’s 50-day moving average is $230.94 and its two-hundred day moving average is $233.28. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend
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 dividend of $0.25 per share. 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 payout ratio is currently 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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