Elevated Capital Advisors LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,358 shares of the iPhone maker's stock after acquiring an additional 3,488 shares during the period. Apple makes up approximately 3.3% of Elevated Capital Advisors LLC's investment portfolio, making the stock its 2nd largest position. Elevated Capital Advisors LLC's holdings in Apple were worth $12,110,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc raised its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at approximately $77,000. Institutional investors own 67.73% of the company's stock.
Shares of Apple stock traded down $0.28 during trading on Friday, hitting $245.55. The company's stock had a trading volume of 53,102,300 shares, compared to its average volume of 49,742,392. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The stock has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The stock has a 50-day moving average price of $240.47 and a two-hundred day moving average price of $232.72.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly 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 net margin of 24.30% and a return on equity of 160.83%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple's dividend payout ratio is currently 15.87%.
In related news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction dated 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 owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.06% of the company's stock.
A number of equities research analysts have recently weighed in on AAPL shares. Maxim Group lifted their price target on shares of Apple to $215.00 and gave the company a "hold" rating in a research report on Friday. TD Cowen reiterated a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Rosenblatt Securities reiterated a "buy" rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Evercore ISI lifted their price target on shares of Apple to $260.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.85.
Read Our Latest Stock Report on AAPL
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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