Dubuque Bank & Trust Co. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,275 shares of the iPhone maker’s stock after buying an additional 5,272 shares during the period. Apple makes up about 2.8% of Dubuque Bank & Trust Co.’s portfolio, making the stock its 3rd largest position. Dubuque Bank & Trust Co.’s holdings in Apple were worth $15,660,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in AAPL. Beacon Wealthcare Inc raised its position in shares of Apple by 5.0% in the fourth quarter. Beacon Wealthcare Inc now owns 1,502 shares of the iPhone maker’s stock worth $237,000 after buying an additional 71 shares in the last quarter. Rosenbaum Jay D. raised its holdings in shares of Apple by 1.1% in the 4th quarter. Rosenbaum Jay D. now owns 9,468 shares of the iPhone maker’s stock valued at $1,494,000 after acquiring an additional 105 shares in the last quarter. Beaton Management Co. Inc. grew its holdings in shares of Apple by 1.8% during the third quarter. Beaton Management Co. Inc. now owns 6,842 shares of the iPhone maker’s stock worth $1,545,000 after purchasing an additional 120 shares in the last quarter. Parkside Advisors LLC increased its holdings in shares of Apple by 3.6% in the 4th quarter. Parkside Advisors LLC now owns 4,018 shares of the iPhone maker’s stock worth $634,000 after buying an additional 139 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its position in Apple by 30.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after purchasing an additional 144 shares in the last quarter. 57.32% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AAPL opened at $197.00 on Friday. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The stock has a market cap of $968.28 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion during the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. Sell-side analysts forecast that Apple Inc. will post 11.41 EPS for the current fiscal year.
In related news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Several research firms have commented on AAPL. DA Davidson decreased their price target on shares of Apple to $260.00 and set a “buy” rating on the stock in a research note on Thursday, January 3rd. UBS Group set a $185.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Monday, January 28th. Robert W. Baird lowered their price target on shares of Apple from $230.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. ValuEngine lowered shares of Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 4th. Finally, Rosenblatt Securities set a $165.00 price objective on Apple and gave the company a “hold” rating in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Apple currently has a consensus rating of “Hold” and an average target price of $201.80.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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