Tudor Financial Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 15.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,765 shares of the iPhone maker’s stock after buying an additional 1,593 shares during the quarter. Apple makes up approximately 1.7% of Tudor Financial Inc.’s investment portfolio, making the stock its 12th biggest holding. Tudor Financial Inc.’s holdings in Apple were worth $2,946,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Connor Financial Group LLC increased its position in shares of Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after purchasing an additional 46 shares during the last quarter. Verus Financial Partners Inc. increased its holdings in Apple by 0.3% in the 2nd quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker’s stock valued at $3,566,000 after purchasing an additional 48 shares during the last quarter. Finally, Menard Financial Group LLC boosted its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares during the period. Institutional investors own 67.73% of the company’s stock.
Apple Price Performance
Shares of NASDAQ:AAPL opened at $244.60 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a 50-day moving average price of $240.70 and a 200 day moving average price of $231.75. The company has a market cap of $3.67 trillion, a P/E ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20. 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 (NASDAQ:AAPL – Get Free Report) last released its 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%. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.
Analyst Ratings Changes
Several analysts have recently issued reports on AAPL shares. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Jefferies Financial Group downgraded Apple from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $211.84 to $200.75 in a research report on Thursday, January 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.
Get Our Latest Analysis on Apple
Insider Buying and Selling
In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.
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.
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