Dash Acquisitions Inc. Has $6.71 Million Holdings in Apple Inc. $AAPL

Dash Acquisitions Inc. raised its position in Apple Inc. (NASDAQ:AAPLFree Report) by 25.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,863 shares of the iPhone maker’s stock after purchasing an additional 4,983 shares during the period. Apple makes up 1.3% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 23rd biggest holding. Dash Acquisitions Inc.’s holdings in Apple were worth $6,706,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sellwood Investment Partners LLC grew its stake in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Nexus Investment Management ULC boosted its holdings in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the last quarter. LSV Asset Management bought a new position in Apple in the fourth quarter valued at $65,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in Apple by 41.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock valued at $88,000 after buying an additional 125 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. Loop Capital restated a “buy” rating and issued a $325.00 price objective (up previously from $315.00) on shares of Apple in a report on Tuesday, December 2nd. Bank of America increased their price target on Apple from $270.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Argus set a $325.00 price target on Apple and gave the stock a “buy” rating in a research report on Friday, October 31st. KGI Securities upgraded Apple to an “outperform” rating and set a $306.00 price objective on the stock in a research note on Friday, January 30th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Apple in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $292.13.

View Our Latest Analysis on Apple

Apple News Roundup

Here are the key news stories impacting Apple this week:

Apple Stock Up 1.5%

AAPL opened at $264.58 on Friday. The stock’s fifty day simple moving average is $265.00 and its 200 day simple moving average is $257.42. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62. The stock has a market cap of $3.88 trillion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.09. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. The firm had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.40 earnings per share. As a group, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.26 per share. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 13.15%.

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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