Opus Capital Group LLC Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

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Opus Capital Group LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 14.5% during the 4th quarter, HoldingsChannel reports. The fund owned 5,671 shares of the iPhone maker’s stock after acquiring an additional 720 shares during the quarter. Apple makes up 0.5% of Opus Capital Group LLC’s investment portfolio, making the stock its 23rd biggest position. Opus Capital Group LLC’s holdings in Apple were worth $1,665,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Sage Financial Group Inc. purchased a new position in shares of Apple in the fourth quarter worth $36,000. CXI Advisors purchased a new position in shares of Apple in the fourth quarter worth $68,000. Kahn Brothers Group Inc. DE bought a new stake in Apple in the third quarter valued at $112,000. Avondale Wealth Management boosted its holdings in Apple by 68.0% in the fourth quarter. Avondale Wealth Management now owns 531 shares of the iPhone maker’s stock valued at $156,000 after acquiring an additional 215 shares in the last quarter. Finally, Fulcrum Equity Management bought a new stake in Apple in the third quarter valued at $135,000. 60.28% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on AAPL shares. Morgan Stanley lifted their price target on shares of Apple from $296.00 to $368.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Goldman Sachs Group lifted their price target on shares of Apple from $192.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Argus reiterated a “buy” rating and issued a $350.00 price target (up previously from $300.00) on shares of Apple in a report on Friday, January 10th. Piper Jaffray Companies lifted their price target on shares of Apple from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Atlantic Securities cut shares of Apple from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $235.00 to $275.00 in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $314.55.

In related news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $304.11, for a total value of $434,573.19. Following the transaction, the director now owns 1,134,712 shares in the company, valued at approximately $345,077,266.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Shares of AAPL stock opened at $324.95 on Friday. Apple Inc. has a 12 month low of $169.38 and a 12 month high of $327.85. The stock has a market cap of $1,421.46 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.29. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. The company’s fifty day moving average price is $310.86 and its 200-day moving average price is $254.90.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, beating the Zacks’ consensus estimate of $4.54 by $0.45. Apple had a net margin of 21.49% and a return on equity of 60.19%. The firm had revenue of $91.80 billion for the quarter, compared to analysts’ expectations of $88.41 billion. During the same quarter in the previous year, the business posted $4.18 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast that Apple Inc. will post 13.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 7th. Apple’s dividend payout ratio (DPR) is presently 25.90%.

About Apple

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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Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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