Harel Insurance Investments & Financial Services Ltd. Has $156.98 Million Stake in Apple Inc. (NASDAQ:AAPL)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626,881 shares of the iPhone maker’s stock after buying an additional 2,350 shares during the quarter. Apple makes up approximately 2.6% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 13th biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Apple were worth $156,983,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAPL. Morgan Stanley dropped their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Evercore ISI boosted their price objective on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Bank of America boosted their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Citigroup boosted their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Maxim Group boosted their price objective on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Four equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Price Performance

Shares of NASDAQ AAPL opened at $213.49 on Monday. The stock has a fifty day simple moving average of $234.52 and a two-hundred day simple moving average of $233.82. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

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, beating 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%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is 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.