Apple Inc. (NASDAQ:AAPL) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 56,027 shares of the iPhone maker’s stock after purchasing an additional 1,528 shares during the period. Apple makes up approximately 3.5% of DGS Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. DGS Capital Management LLC’s holdings in Apple were worth $14,030,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bull Oak Capital LLC boosted its stake 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 worth $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc boosted 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 worth $69,000 after buying an additional 144 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple in the 3rd quarter worth approximately $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.8 %

NASDAQ AAPL opened at $213.49 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.21 trillion, a PE ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The business’s 50-day moving average is $234.52 and its 200 day moving average is $233.82.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAPL. UBS Group boosted their target price on Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Rosenblatt Securities reissued a “buy” rating and set a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Citigroup increased their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.22.

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.