Sunesis Advisors LLC Purchases 460 Shares of Apple Inc. (NASDAQ:AAPL)

Sunesis Advisors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,541 shares of the iPhone maker’s stock after acquiring an additional 460 shares during the quarter. Apple accounts for approximately 0.4% of Sunesis Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. Sunesis Advisors LLC’s holdings in Apple were worth $636,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Drystone LLC bought a new position in Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $222.13 on Tuesday. The business has a 50 day moving average of $230.54 and a 200-day moving average of $233.42. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a market capitalization of $3.34 trillion, a P/E ratio of 35.26, a P/E/G ratio of 2.44 and a beta of 1.18.

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

Apple Dividend Announcement

The business also recently announced 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 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a report on Tuesday, January 21st. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Apple in a report on Friday, March 14th. JPMorgan Chase & Co. increased their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Evercore ISI lifted their price target on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

Apple 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.