Mattson Financial Services LLC Has $8.25 Million Stock Position in Apple Inc. $AAPL

Mattson Financial Services LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,155 shares of the iPhone maker's stock after purchasing an additional 2,200 shares during the period. Apple accounts for about 2.5% of Mattson Financial Services LLC's holdings, making the stock its 5th largest holding. Mattson Financial Services LLC's holdings in Apple were worth $8,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Vanguard Group Inc. raised its position in shares of Apple by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after acquiring an additional 5,005,297 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Apple by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock worth $84,999,145,000 after acquiring an additional 6,307,413 shares in the last quarter. Norges Bank bought a new position in shares of Apple in the 4th quarter worth approximately $46,868,648,000. Northern Trust Corp raised its position in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Apple by 14.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $270.00 price objective on shares of Apple in a research report on Tuesday, September 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $266.00 price objective on shares of Apple in a research report on Tuesday, August 26th. UBS Group reissued a "neutral" rating on shares of Apple in a report on Monday, September 8th. Barclays lifted their target price on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. Finally, Rosenblatt Securities lifted their target price on Apple from $223.00 to $241.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $240.80.

Insider Activity

In related news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

Apple Price Performance

NASDAQ:AAPL opened at $234.07 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The business's 50-day simple moving average is $221.50 and its two-hundred day simple moving average is $212.02. The stock has a market cap of $3.47 trillion, a PE ratio of 35.52, a P/E/G ratio of 2.43 and a beta of 1.11. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to analysts' expectations of $88.64 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The business's revenue was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's payout ratio is 15.78%.

Apple Company Profile

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.

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