By otakuyassine3@gmail.com 
Tempus Wealth Planning LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 35,937 shares of the iPhone maker’s stock after purchasing an additional 1,986 shares during the quarter. Apple makes up approximately 2.7% of Tempus Wealth Planning LLC’s portfolio, making the stock its 4th largest holding. Tempus Wealth Planning LLC’s holdings in Apple were worth $8,999,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. High Net Worth Advisory Group LLC raised its holdings in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after buying an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new position in shares of Apple in the 3rd quarter valued at approximately $288,000. Sterling Investment Counsel LLC lifted its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners boosted its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Finally, Catalyst Financial Partners LLC grew its holdings in Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after purchasing an additional 3,935 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Apple Trading Up 0.3 %
Shares of Apple stock opened at $223.89 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.36 trillion, a P/E ratio of 35.54, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a 50-day simple moving average of $230.55 and a 200 day simple moving average of $233.36.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.
Analyst Ratings Changes
AAPL has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Raymond James increased their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $245.52.
View Our Latest Stock Analysis on AAPL
Apple Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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