Vectors Research Management LLC Has $8.23 Million Stake in Apple Inc. $AAPL

Vectors Research Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,320 shares of the iPhone maker’s stock after buying an additional 1,840 shares during the quarter. Apple makes up approximately 2.6% of Vectors Research Management LLC’s investment portfolio, making the stock its 6th largest position. Vectors Research Management LLC’s holdings in Apple were worth $8,230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Apple during the 2nd quarter worth about $38,942,255,000. Nuveen LLC bought a new stake in Apple in the 1st quarter valued at $17,472,482,000. PKS Advisory Services LLC boosted its stake in Apple by 98,917.0% in the 2nd quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock valued at $12,106,000 after purchasing an additional 57,898,088 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $275.50 on Thursday. The firm’s fifty day moving average is $267.46 and its 200-day moving average is $255.17. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The firm has a market cap of $4.04 trillion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same period last year, the business posted $2.40 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Monday, February 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, February 9th. Apple’s payout ratio is presently 13.15%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAPL. Argus set a $325.00 target price on Apple and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price objective on shares of Apple in a report on Friday, January 30th. Rosenblatt Securities upped their target price on Apple from $250.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Robert W. Baird set a $300.00 price target on Apple in a research note on Friday, October 31st. Finally, Scotiabank set a $330.00 price objective on shares of Apple in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $292.13.

Check Out Our Latest Stock Analysis on AAPL

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About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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