Apple Inc. (NASDAQ:AAPL) is Accelerate Investment Advisors LLC’s 7th Largest Position

Accelerate Investment Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,399 shares of the iPhone maker’s stock after acquiring an additional 2,346 shares during the period. Apple makes up approximately 3.2% of Accelerate Investment Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Accelerate Investment Advisors LLC’s holdings in Apple were worth $3,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the period. State Street Corp boosted its position in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the period. Geode Capital Management LLC boosted its position in shares of Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares during the period. FMR LLC boosted its position in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Maxim Group boosted their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday. Monness Crespi & Hardt boosted their price target on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. KeyCorp reiterated an “underweight” rating and issued a $200.00 price target on shares of Apple in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. boosted their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $245.55 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.69 trillion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a fifty day simple moving average of $240.47 and a 200-day simple moving average of $232.55.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Apple Company 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.