Apple Inc. (NASDAQ:AAPL) is Catalina Capital Group LLC’s Largest Position

Catalina Capital Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 4th quarter, HoldingsChannel reports. The firm owned 80,303 shares of the iPhone maker’s stock after purchasing an additional 2,622 shares during the period. Apple accounts for approximately 6.6% of Catalina Capital Group LLC’s investment portfolio, making the stock its biggest holding. Catalina Capital Group LLC’s holdings in Apple were worth $20,109,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AAPL. State Street Corp lifted its holdings in shares of 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 period. FMR LLC lifted its stake in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in 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 worth $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $223.19 on Wednesday. The stock has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The stock’s fifty day simple moving average is $230.55 and its 200-day simple moving average is $233.43. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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 research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced 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 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AAPL shares. Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Monness Crespi & Hardt upped their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Raymond James raised their target price on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average 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.