Harrell Investment Partners LLC Has $25.86 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Harrell Investment Partners LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,256 shares of the iPhone maker’s stock after purchasing an additional 240 shares during the period. Apple makes up approximately 7.2% of Harrell Investment Partners LLC’s investment portfolio, making the stock its biggest holding. Harrell Investment Partners LLC’s holdings in Apple were worth $25,857,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc raised its stake in shares of 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 acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the third quarter valued at approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $212.69 on Wednesday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.20 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.44 and a beta of 1.18. The firm’s fifty day moving average is $233.31 and its two-hundred day moving average is $233.60.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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 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 yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AAPL shares. Barclays lifted their price target on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Morgan Stanley reduced their price objective 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. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.