CGN Advisors LLC Buys 14,557 Shares of Apple Inc. (NASDAQ:AAPL)

CGN Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 57.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,899 shares of the iPhone maker’s stock after purchasing an additional 14,557 shares during the period. CGN Advisors LLC’s holdings in Apple were worth $5,184,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AAPL. Great West Life Assurance Co. Can bought a new stake in shares of Apple during the 3rd quarter valued at about $1,890,884,000. Barclays PLC boosted its stake in Apple by 53.0% during the third quarter. Barclays PLC now owns 30,235,823 shares of the iPhone maker’s stock worth $4,178,590,000 after acquiring an additional 10,471,342 shares in the last quarter. Legal & General Group Plc boosted its stake in Apple by 8.2% during the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Vanguard Group Inc. boosted its stake in Apple by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after acquiring an additional 8,716,964 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AAPL shares. Deutsche Bank Aktiengesellschaft set a $160.00 price objective on shares of Apple in a research note on Friday, February 3rd. Cowen dropped their price objective on shares of Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $195.00 price objective on shares of Apple in a research note on Friday, February 3rd. National Bank Financial decreased their target price on shares of Apple to $54.00 and set an “outperform” rating for the company in a report on Friday, January 20th. Finally, Barclays lifted their target price on shares of Apple from $133.00 to $145.00 and gave the stock an “equal weight” rating in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.24.

Apple Stock Down 0.5 %

Shares of AAPL stock opened at $155.00 on Friday. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The stock has a market cap of $2.45 trillion, a P/E ratio of 26.32, a P/E/G ratio of 2.03 and a beta of 1.30. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The company has a 50 day simple moving average of $146.64 and a two-hundred day simple moving average of $145.32.

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

Apple Increases Dividend

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

Apple Company Profile

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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.