Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Hantz Financial Services Inc.

Hantz Financial Services Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 35.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 429,804 shares of the iPhone maker’s stock after purchasing an additional 111,358 shares during the period. Apple comprises about 1.8% of Hantz Financial Services Inc.’s portfolio, making the stock its 10th largest holding. Hantz Financial Services Inc.’s holdings in Apple were worth $100,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in AAPL. Golden State Equity Partners bought a new stake in Apple in the second quarter worth about $23,891,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Apple by 3.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,552,673 shares of the iPhone maker’s stock valued at $1,801,364,000 after purchasing an additional 257,529 shares during the last quarter. Arjuna Capital increased its position in Apple by 2.5% in the second quarter. Arjuna Capital now owns 140,783 shares of the iPhone maker’s stock worth $29,652,000 after buying an additional 3,390 shares during the last quarter. North Point Portfolio Managers Corp OH raised its stake in shares of Apple by 22.2% in the second quarter. North Point Portfolio Managers Corp OH now owns 6,401 shares of the iPhone maker’s stock valued at $1,348,000 after buying an additional 1,164 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Apple by 13.9% during the 2nd quarter. Signaturefd LLC now owns 536,154 shares of the iPhone maker’s stock valued at $112,925,000 after buying an additional 65,364 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 0.1 %

Shares of NASDAQ:AAPL opened at $232.47 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average price is $241.54 and its 200-day moving average price is $230.95. The stock has a market capitalization of $3.49 trillion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

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, topping analysts’ consensus estimates 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 analysts anticipate that Apple Inc. will post 7.33 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. UBS Group reiterated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. 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 report on Friday, January 31st. Finally, Citigroup lifted their price target on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.52.

About Apple

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.