Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases 6,725 Shares of Apple Inc. $AAPL

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its position in Apple Inc. (NASDAQ:AAPLFree Report) by 71.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,192 shares of the iPhone maker’s stock after buying an additional 6,725 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Apple were worth $4,112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Alpha Advisors LLC boosted its position in Apple by 3.7% during the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker’s stock worth $293,000 after purchasing an additional 41 shares during the period. Capstone Wealth Management LLC lifted its stake in shares of Apple by 0.5% during the 3rd quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock valued at $2,174,000 after buying an additional 42 shares in the last quarter. Aspetuck Financial Management LLC boosted its holdings in Apple by 0.3% in the 3rd quarter. Aspetuck Financial Management LLC now owns 17,702 shares of the iPhone maker’s stock worth $4,507,000 after buying an additional 46 shares during the period. Baker Boyer National Bank grew its stake in Apple by 0.3% in the 2nd quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock valued at $3,695,000 after buying an additional 47 shares in the last quarter. Finally, Beddow Capital Management Inc. raised its holdings in Apple by 1.8% during the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock valued at $533,000 after acquiring an additional 47 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAPL shares. UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Wednesday. Monness Crespi & Hardt raised their target price on Apple from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Rosenblatt Securities upped their price target on Apple from $250.00 to $267.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Wedbush restated an “outperform” rating on shares of Apple in a research report on Wednesday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $270.00 target price on shares of Apple in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

Check Out Our Latest Research Report on Apple

Apple Price Performance

AAPL stock opened at $262.52 on Thursday. The firm has a 50 day simple moving average of $264.14 and a two-hundred day simple moving average of $260.06. The stock has a market cap of $3.85 trillion, a PE ratio of 33.19, a P/E/G ratio of 2.35 and a beta of 1.10. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s payout ratio is 13.15%.

Apple Profile

(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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