Lanham O Dell & Company Inc. Has $4.75 Million Holdings in Apple Inc. $AAPL

Lanham O Dell & Company Inc. grew its position in Apple Inc. (NASDAQ:AAPLFree Report) by 271.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,454 shares of the iPhone maker’s stock after purchasing an additional 12,754 shares during the quarter. Apple accounts for approximately 1.4% of Lanham O Dell & Company Inc.’s investment portfolio, making the stock its 10th biggest holding. Lanham O Dell & Company Inc.’s holdings in Apple were worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AAPL. Sellwood Investment Partners LLC lifted its position in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management purchased a new position in shares of Apple in the fourth quarter worth $65,000. HFM Investment Advisors LLC purchased a new position in shares of Apple in the first quarter worth $99,000. Finally, Miller Global Investments LLC bought a new position in shares of Apple during the fourth quarter valued at $127,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

More Apple News

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Apple Stock Performance

AAPL opened at $253.79 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.73 trillion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.34 and a beta of 1.10. The company’s 50 day moving average is $260.20 and its 200 day moving average is $263.18. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $138.25 billion. During the same period in the previous year, the business posted $2.40 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on AAPL shares. Phillip Securities raised Apple from a “moderate sell” rating to a “hold” rating in a research report on Sunday, February 1st. Wedbush restated an “outperform” rating and set a $350.00 target price on shares of Apple in a research note on Friday, March 27th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a report on Friday, January 2nd. Citigroup reiterated a “buy” rating and issued a $315.00 price target (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. Finally, UBS Group restated a “neutral” rating on shares of Apple in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $297.58.

Check Out Our Latest Report on AAPL

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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