Addison Capital Co Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Addison Capital Co decreased its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,890 shares of the iPhone maker’s stock after selling 1,245 shares during the quarter. Apple accounts for approximately 2.1% of Addison Capital Co’s holdings, making the stock its 13th biggest position. Addison Capital Co’s holdings in Apple were worth $3,364,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Robinson Value Management Ltd. bought a new stake in shares of Apple during the 3rd quarter valued at about $28,000. Hanseatic Management Services Inc. grew its stake in shares of Apple by 75.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Bluestem Financial Advisors LLC grew its stake in shares of Apple by 5,935.2% during the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 229,929 shares during the period. HBC Financial Services PLLC grew its stake in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Finally, Ramsey Quantitative Systems bought a new stake in shares of Apple during the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAPL. Morgan Stanley boosted their price target on Apple from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. StockNews.com initiated coverage on Apple in a research note on Thursday. They set a “hold” rating for the company. Cowen cut their price objective on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Rosenblatt Securities boosted their price objective on Apple from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Evercore ISI reiterated an “outperform” rating and set a $190.00 price objective on shares of Apple in a research note on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.24.

Apple Stock Down 0.5 %

Shares of AAPL opened at $155.00 on Friday. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The business’s 50 day simple moving average is $146.64 and its 200-day simple moving average is $145.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). The firm had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $2.10 earnings per share. As a group, equities analysts expect that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. This is a boost from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio is 15.62%.

About Apple

(Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.