GDS Wealth Management Raises Stock Position in Apple Inc. (NASDAQ:AAPL)
GDS Wealth Management grew its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,647 shares of the iPhone maker’s stock after acquiring an additional 11,894 shares during the period. Apple accounts for approximately 2.4% of GDS Wealth Management’s holdings, making the stock its 9th largest position. GDS Wealth Management’s holdings in Apple were worth $26,206,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of AAPL. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. State Street Corp boosted its position in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC grew its holdings in Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. FMR LLC raised its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Stock Up 0.5 %
Shares of NASDAQ AAPL opened at $223.19 on Wednesday. The business has a fifty day moving average of $230.55 and a two-hundred day moving average of $233.43. 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 $164.08 and a 52-week high of $260.10. The stock has a market cap of $3.35 trillion, a PE ratio of 35.43, a PEG ratio of 2.44 and a beta of 1.18.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given 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 yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Maxim Group raised their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Barclays lifted their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.52.
Get Our Latest Research Report on AAPL
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.
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