Flagship Harbor Advisors LLC Buys 837 Shares of Apple Inc. (NASDAQ:AAPL)

Flagship Harbor Advisors LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,871 shares of the iPhone maker’s stock after purchasing an additional 837 shares during the period. Apple comprises about 3.0% of Flagship Harbor Advisors LLC’s holdings, making the stock its 4th biggest holding. Flagship Harbor Advisors LLC’s holdings in Apple were worth $57,564,000 as of its most recent filing with the Securities & Exchange Commission.

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

Apple Stock Up 0.2 %

AAPL stock opened at $214.00 on Tuesday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. 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 company has a market cap of $3.21 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business’s 50-day simple moving average is $233.90 and its 200 day simple moving average is $233.71.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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 yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several research firms recently commented on AAPL. Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Morgan Stanley decreased their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Wedbush reiterated an “outperform” rating and set a $325.00 price objective on shares of Apple in a report on Friday. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.22.

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.