1 week Ago By ABMN Staff
Accuvest Global Advisors lowered its holdings in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 21,104 shares of the iPhone maker’s stock after selling 1,150 shares during the period. Apple makes up 7.5% of Accuvest Global Advisors’ investment portfolio, making the stock its 4th largest position.
Accuvest Global Advisors’ holdings in Apple were worth $5,327,000 as of its most recent SEC filing. A number of other large investors have also recently modified their holdings of AAPL. O Connor Financial Group LLC grew its holdings in Apple by 1.
2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc.
raised its stake in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc.
now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the period. Menard Financial Group LLC lifted its holdings in Apple by 0.4% during the third quarter.
Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after purchasing an additional 48 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in shares of Apple by 1.
3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares during the period.
Finally, Family Capital Management Inc. increased its stake in shares of Apple by 0.3% in the fourth quarter.
Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock worth $4,235,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 67.
73% of the company’s stock. Insider Transactions at Apple In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction on Wednesday, April 2nd.
The shares were sold at an average price of $223.65, for a total value of $24,184,616.40.
Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. This trade represents a 3.
19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, COO Jeffrey E.
Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.
93. Following the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59.
The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Over the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. Insiders own 0.06% of the company’s stock.
Apple Stock Up 0.4 % Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 7.28 earnings per share for the current fiscal year.
Apple Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend.
This represents a $1.00 dividend on an annualized basis and a yield of 0.48%.
The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.
Wall Street Analysts Forecast Growth Several brokerages have recently commented on AAPL. Morgan Stanley lowered their price objective on Apple from $252.00 to $220.
00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Friday, April 4th.
DA Davidson dropped their target price on shares of Apple from $290.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, April 14th.
Monness Crespi & Hardt lifted their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $263.
00 price objective on shares of Apple in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.
88. Read Our Latest Stock Report on AAPL About Apple ( Free Report ) 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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