Alta Advisers Ltd raised its place in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.3% in the course of the third quarter, in response to its most up-to-date submitting with the SEC. The institutional investor owned 40,500 shares of the iPhone maker’s inventory after buying an extra 500 shares in the course of the interval. Apple accounts for about 4.0% of Alta Advisers Ltd’s portfolio, making the inventory its 4th largest holding. Alta Advisers Ltd’s holdings in Apple had been value $6,934,000 on the finish of the newest quarter.

Quite a lot of different hedge funds and different institutional buyers additionally lately added to or decreased their stakes in AAPL. Mokosak Advisory Group LLC lifted its stake in Apple by 1.1% in the course of the second quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s inventory value $1,079,000 after buying an extra 59 shares over the past quarter. Kraft Davis & Associates LLC lifted its stake in Apple by 0.9% in the course of the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s inventory value $1,155,000 after buying an extra 59 shares over the past quarter. MKT Advisors LLC lifted its stake in Apple by 0.5% in the course of the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s inventory value $1,777,000 after buying an extra 60 shares over the past quarter. Cassia Capital Companions LLC lifted its stake in Apple by 1.2% within the third quarter. Cassia Capital Companions LLC now owns 5,209 shares of the iPhone maker’s inventory valued at $892,000 after shopping for an extra 60 shares over the past quarter. Lastly, Household CFO Inc lifted its stake in Apple by 6.7% within the third quarter. Household CFO Inc now owns 950 shares of the iPhone maker’s inventory valued at $163,000 after shopping for an extra 60 shares over the past quarter. Hedge funds and different institutional buyers personal 58.51% of the corporate’s inventory.

Apple Inventory Down 1.0 %

Apple inventory opened at $182.52 on Monday. The corporate has a debt-to-equity ratio of 1.28, a fast ratio of 1.02 and a present ratio of 1.07. The agency has a market capitalization of $2.82 trillion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of two.20 and a beta of 1.31. Apple Inc. has a fifty-two week low of $143.90 and a fifty-two week excessive of $199.62. The inventory’s fifty day transferring common is $188.29 and its two-hundred day transferring common is $183.70.

Apple (NASDAQ:AAPL – Get Free Report) final posted its earnings outcomes on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The corporate had income of $119.60 billion for the quarter, in comparison with analyst estimates of $117.99 billion. Apple had a return on fairness of 156.04% and a internet margin of 26.16%. Apple’s income was up 2.1% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate earned $1.88 earnings per share. Analysts predict that Apple Inc. will publish 6.56 EPS for the present fiscal yr.

Apple Dividend Announcement

The corporate additionally lately introduced a quarterly dividend, which was paid on Thursday, February fifteenth. Shareholders of report on Monday, February twelfth had been issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, February ninth. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Shopping for and Promoting at Apple

In different Apple information, insider Chris Kondo bought 5,513 shares of the corporate’s inventory in a transaction on Wednesday, November twenty ninth. The inventory was bought at a median value of $192.00, for a complete worth of $1,058,496.00. Following the sale, the insider now owns 29,174 shares of the corporate’s inventory, valued at $5,601,408. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which could be accessed by the SEC web site. 0.06% of the inventory is owned by company insiders.

Wall Avenue Analysts Forecast Progress

Quite a lot of equities analysis analysts have weighed in on AAPL shares. Redburn Companions lower Apple to a “impartial” ranking and set a $200.00 value goal for the corporate. in a analysis word on Wednesday, January tenth. Piper Sandler Firms lower Apple to a “impartial” ranking and decreased their value goal for the corporate from $220.00 to $205.00 in a analysis word on Thursday, January 4th. Rosenblatt Securities reiterated a “impartial” ranking and issued a $189.00 value goal on shares of Apple in a analysis word on Wednesday, January thirty first. Monness Crespi & Hardt boosted their value goal on Apple from $189.00 to $200.00 and gave the corporate a “purchase” ranking in a analysis word on Friday, February 2nd. Lastly, Needham & Firm LLC reiterated a “purchase” ranking and issued a $220.00 value goal on shares of Apple in a analysis word on Friday, February 2nd. One funding analyst has rated the inventory with a promote ranking, eleven have given a maintain ranking, twenty-one have given a purchase ranking and one has given a robust purchase ranking to the corporate. In line with knowledge from MarketBeat, Apple presently has a consensus ranking of “Average Purchase” and a consensus goal value of $205.27.

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Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, private computer systems, tablets, wearables, and equipment worldwide. The corporate provides iPhone, a line of smartphones; Mac, a line of private computer systems; iPad, a line of multi-purpose tablets; and wearables, residence, and equipment comprising AirPods, Apple TV, Apple Watch, Beats merchandise, and HomePod.

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