Jentner Corp increased its holdings in Apple Inc. (NASDAQ:AAPL) by 40.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,579 shares of the iPhone maker’s stock after acquiring an additional 456 shares during the period. Apple comprises approximately 0.3% of Jentner Corp’s portfolio, making the stock its 23rd biggest holding. Jentner Corp’s holdings in Apple were worth $356,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in AAPL. Accredited Investors Inc. lifted its stake in Apple by 18.8% in the third quarter. Accredited Investors Inc. now owns 57,671 shares of the iPhone maker’s stock valued at $13,019,000 after purchasing an additional 9,121 shares during the last quarter. Ironwood Investment Counsel LLC lifted its stake in Apple by 3.4% in the third quarter. Ironwood Investment Counsel LLC now owns 36,868 shares of the iPhone maker’s stock valued at $8,322,000 after purchasing an additional 1,203 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Apple by 7.9% in the third quarter. Steward Partners Investment Advisory LLC now owns 349,281 shares of the iPhone maker’s stock valued at $78,847,000 after purchasing an additional 25,515 shares during the last quarter. BigSur Wealth Management LLC lifted its stake in Apple by 5.9% in the third quarter. BigSur Wealth Management LLC now owns 13,965 shares of the iPhone maker’s stock valued at $3,152,000 after purchasing an additional 775 shares during the last quarter. Finally, Arlington Partners LLC lifted its stake in Apple by 18.6% in the third quarter. Arlington Partners LLC now owns 13,375 shares of the iPhone maker’s stock valued at $3,019,000 after purchasing an additional 2,100 shares during the last quarter. 56.59% of the stock is owned by institutional investors.
Several equities analysts recently commented on AAPL shares. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $228.00 price objective on shares of Apple in a research note on Friday, January 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $185.00 price objective on shares of Apple in a research note on Friday, January 18th. Citigroup dropped their price objective on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Rosenblatt Securities set a $165.00 price objective on Apple and gave the company a “neutral” rating in a research note on Thursday, December 6th. Finally, Morgan Stanley upped their price objective on Apple from $226.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and twenty-two have given a buy rating to the stock. Apple has an average rating of “Hold” and a consensus price target of $191.66.
Shares of AAPL stock traded up $0.10 on Tuesday, reaching $174.33. The company’s stock had a trading volume of 16,996,383 shares, compared to its average volume of 32,749,777. The company has a market capitalization of $850.17 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $233.47.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. On average, sell-side analysts forecast that Apple Inc. will post 11.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Monday, February 11th were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.67%. Apple’s dividend payout ratio is presently 24.52%.
In related news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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