Apple Inc. (NASDAQ:AAPL) Shares Purchased by Tamar Securities LLC

Tamar Securities LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,330 shares of the iPhone maker’s stock after buying an additional 430 shares during the quarter. Apple comprises 5.0% of Tamar Securities LLC’s portfolio, making the stock its 5th largest holding. Tamar Securities LLC’s holdings in Apple were worth $35,893,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in 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. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% in 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 during the period. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAPL. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley lowered their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Performance

AAPL stock opened at $218.27 on Friday. The company has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. The firm has a 50 day moving average of $231.82 and a two-hundred day moving average of $233.33. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio is 15.87%.

About Apple

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.