Apple Inc. (NASDAQ:AAPL) Shares Bought by Strategic Blueprint LLC

Strategic Blueprint LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the fourth quarter, Holdings Channel reports. The fund owned 158,943 shares of the iPhone maker’s stock after acquiring an additional 2,707 shares during the quarter. Apple makes up 2.4% of Strategic Blueprint LLC’s holdings, making the stock its 5th largest holding. Strategic Blueprint LLC’s holdings in Apple were worth $39,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB grew its stake in Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Callan Family Office LLC lifted its holdings in shares of Apple by 53.6% during the 3rd quarter. Callan Family Office LLC now owns 73,507 shares of the iPhone maker’s stock valued at $17,127,000 after buying an additional 25,653 shares during the last quarter. Cardinal Point Capital Management ULC grew its stake in shares of Apple by 0.9% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 28,702 shares of the iPhone maker’s stock valued at $6,688,000 after buying an additional 245 shares in the last quarter. Williams & Novak LLC increased its holdings in Apple by 14.4% in the third quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock worth $2,961,000 after buying an additional 1,604 shares during the last quarter. Finally, Axiom Advisory LLC raised its position in Apple by 13.7% during the third quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock valued at $120,952,000 after acquiring an additional 65,325 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Raymond James raised their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Trading Up 1.1 %

Shares of AAPL stock opened at $220.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a market cap of $3.32 trillion, a PE ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s fifty day moving average price is $231.54 and its two-hundred day moving average price is $233.41.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio 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.