Garde Capital Inc. Has $5.85 Million Stake in Apple Inc. (AAPL)
Garde Capital Inc. grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,577 shares of the iPhone maker’s stock after acquiring an additional 647 shares during the period. Apple accounts for approximately 1.0% of Garde Capital Inc.’s holdings, making the stock its 20th largest position. Garde Capital Inc.’s holdings in Apple were worth $5,853,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC lifted its stake in Apple by 1.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 26,144,522 shares of the iPhone maker’s stock valued at $5,901,864,000 after purchasing an additional 454,086 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Apple by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after purchasing an additional 3,293,674 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Apple by 6.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after purchasing an additional 1,030,981 shares during the last quarter. Swiss National Bank lifted its stake in Apple by 1.8% in the 2nd quarter. Swiss National Bank now owns 16,874,216 shares of the iPhone maker’s stock valued at $3,123,586,000 after purchasing an additional 304,600 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Apple by 1.6% in the 3rd quarter. Fisher Asset Management LLC now owns 12,349,066 shares of the iPhone maker’s stock valued at $2,787,678,000 after purchasing an additional 189,423 shares during the last quarter. Institutional investors own 56.40% of the company’s stock.
AAPL has been the subject of several research reports. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research report on Monday, November 19th. Robert W. Baird restated a “buy” rating and set a $230.00 price objective on shares of Apple in a research report on Monday, November 19th. Royal Bank of Canada restated a “buy” rating and set a $240.00 price objective on shares of Apple in a research report on Monday, November 19th. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Goldman Sachs Group restated a “neutral” rating and set a $182.00 price objective (down from $209.00) on shares of Apple in a research report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $193.19.
Shares of NASDAQ:AAPL opened at $186.12 on Friday. The company has a market capitalization of $889.20 billion, a P/E ratio of 15.63, a PEG ratio of 1.85 and a beta of 1.13. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.01. The business had revenue of $84.31 billion for 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%. As a group, equities analysts predict that Apple Inc. will post 11.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Monday, February 11th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.57%. Apple’s payout ratio is presently 24.52%.
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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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