Fenimore Asset Management Inc Buys 236 Shares of Apple Inc. (NASDAQ:AAPL)

Fenimore Asset Management Inc raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,773 shares of the iPhone maker’s stock after buying an additional 236 shares during the period. Fenimore Asset Management Inc’s holdings in Apple were worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in Apple during the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple during the third quarter worth $110,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. Redburn Partners set a $230.00 price objective on Apple in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James raised their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $243.22.

Apple Price Performance

AAPL stock opened at $214.00 on Tuesday. The business has a 50-day simple moving average of $233.90 and a two-hundred day simple moving average of $233.71. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market capitalization of $3.21 trillion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued 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 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.