Vectors Research Management LLC Increases Stock Holdings in Apple Inc. $AAPL

Vectors Research Management LLC grew its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,320 shares of the iPhone maker’s stock after acquiring an additional 1,840 shares during the quarter. Apple comprises 2.6% of Vectors Research Management LLC’s holdings, making the stock its 6th largest holding. Vectors Research Management LLC’s holdings in Apple were worth $8,230,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AAPL. Vanguard Group Inc. increased its position in shares of Apple by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker’s stock worth $290,506,933,000 after acquiring an additional 15,141,995 shares in the last quarter. State Street Corp grew its holdings in Apple by 0.9% during the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker’s stock worth $123,358,461,000 after buying an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC raised its position in Apple by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock valued at $72,506,336,000 after buying an additional 4,942,638 shares during the last quarter. Norges Bank purchased a new stake in Apple in the 2nd quarter valued at $38,942,255,000. Finally, Northern Trust Corp lifted its position in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.7%

Shares of Apple stock opened at $275.50 on Thursday. 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 Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The firm has a market cap of $4.04 trillion, a PE ratio of 34.83, a PEG ratio of 2.44 and a beta of 1.09. The company has a 50 day simple moving average of $267.46 and a two-hundred day simple moving average of $255.17.

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. The company had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 EPS. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. Loop Capital reiterated a “buy” rating and issued a $325.00 target price (up from $315.00) on shares of Apple in a research note on Tuesday, December 2nd. Jefferies Financial Group set a $276.47 target price on Apple and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Barclays reiterated an “underweight” rating and issued a $239.00 price target (up from $230.00) on shares of Apple in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $292.13.

View Our Latest Stock Analysis on Apple

Apple Company 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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