W Advisors LLC Has $9.64 Million Stake in Apple Inc. (NASDAQ:AAPL)

W Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 38,495 shares of the iPhone maker’s stock after purchasing an additional 159 shares during the quarter. Apple accounts for 6.0% of W Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. W Advisors LLC’s holdings in Apple were worth $9,640,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. FMR LLC lifted its position in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $218.27 on Friday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock has a fifty day moving average of $231.82 and a 200 day moving average of $233.33. 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 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.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 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%. On average, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. UBS Group boosted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 price objective on shares of Apple in a research report on Friday, January 31st. 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 price target 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 equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.