Tempus Wealth Planning LLC increased its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 12.9% in the third quarter, according to the latest 13F file filed with the U.S. Securities and Exchange Commission (SEC). The fund owned his 44,026 shares of the iPhone maker’s stock after purchasing an additional 5,034 shares during the quarter. Apple accounts for his 4.1% stake in Tempus Wealth Planning LLC, making the company’s stock his third largest position. Tempus Wealth Planning LLC’s holdings in Apple were valued at $6,084,000 as of its latest filing with the SEC.
Many other hedge funds and other institutional investors have also increased or decreased their stakes in AAPL recently. Robinson Value Management Ltd. purchased approximately $28,000 worth of new Apple stock in the third quarter. Hanseatic Management Services Inc. increased his holding of Apple by 75.4% in the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker worth $34,000 after purchasing an additional 107 shares during this period. Cheyne Capital Management UK LLP increased his Apple stock position by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker worth $293,000 after purchasing another 550 shares in the previous quarter. Ramsey Quantitative Systems acquired approximately $55,000 worth of new Apple stock in the second quarter. Finally, Morgan Dempsey Capital Management LLC purchased approximately $55,000 worth of new Apple stock in the third quarter. 57.60% of the shares are owned by institutional investors.
Wall Street Analyst Predicts Growth
AAPL has been the topic of several recent analyst reports. Barclays, in his report on Friday, February 3, raised its price target on Apple stock from $133.00 to $145.00, giving the company an “equal-weighted” rating. DA Davidson raised his price target on Apple from $167.00 to $173.00, giving it a “buy” rating in a research note on Friday, February 3. In its research notes on Friday, March 3, Morgan Stanley raised Apple’s price target from $175.00 to $180.00, giving the company an “Overweight” rating. Wedbush said in a research report Wednesday that he raised Apple’s stock price target to $190.00 from $180.00, rating the stock “outperforming.” Finally, Oppenheimer lowered his price target on Apple from $190.00 to $170.00, setting an “outperform” rating in its research report on Monday, Dec. 12. Two equity research analysts issued sell ratings, five issued hold ratings, and 26 issued buy ratings. According to MarketBeat.com, the stock currently has a consensus rating of “moderate buy” with an average target price of $168.24.
apple price performance
AAPL opened at $148.50 on Friday. Apple Inc. has a one-year low of $124.17 and a one-year high of $179.61. The company has a debt to equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89. The company has a market capitalization of $2.35 trillion, a price/earnings ratio of 25.21, a P/E/G ratio of 1.99 and a beta of 1.30. The company has a 50-day moving average price of $144.02 and a 200-day moving average price of $145.70.
Apple (NASDAQ:AAPL – Get Rating) last reported earnings on Thursday, February 2nd. The iPhone maker reported that he earned $1.88 per share for the quarter, well below analyst consensus expectations of $1.93 ($0.05). The business generated $117.15 billion in revenue for the quarter, compared with analysts’ expectations of $121.67 billion. Apple’s return on equity was 163.45% and net profit margin was 24.56%. Apple’s quarterly revenue fell 5.5% year-over-year. In the same quarter last year, the company earned his EPS of $2.10. As a group, analysts expect Apple Inc. to post earnings per share of 6.04 for the current financial year.
Apple raises dividend
The company recently announced its quarterly dividend, which was paid on Thursday, February 16th. Dividends of $0.23 per share were issued to shareholders of record on Monday, February 13. This represents his $0.92 dividend and 0.62% yield on an annualized basis. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date for this dividend was Friday, February 10. Apple’s dividend payout ratio is 15.62%.
Apple, Inc. designs, manufactures, sells, and provides various other related services for smartphones, personal computers, tablets, wearables and accessories. It operates in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific geographic segments. The Americas segment includes North America and South America.
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