1 week Ago By Defense World Staff
Bigelow Investment Advisors LLC increased its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 28,329 shares of the iPhone maker’s stock after buying an additional 151 shares during the quarter. Apple comprises approximately 3.3% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 4th largest position.
Bigelow Investment Advisors LLC’s holdings in Apple were worth $7,094,000 at the end of the most recent quarter. Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Apple by 10.
6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. Geode Capital Management LLC lifted its stake in Apple by 6.
5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. FMR LLC boosted its position in shares of Apple by 5.
3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Apple by 25,285.
2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after buying an additional 9,590,933 shares during the period. Finally, Charles Schwab Investment Management Inc.
raised its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc.
now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Several equities analysts have weighed in on the company. Maxim Group lifted their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st.
KeyCorp raised shares of Apple from an “underweight” rating to a “sector weight” rating in a research note on Monday, April 14th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company.
in a research report on Tuesday, January 21st. The Goldman Sachs Group cut their price objective on Apple from $259.00 to $256.
00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Apple from $270.
00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.88.
Apple Stock Performance Shares of AAPL opened at $209.28 on Friday. Apple Inc.
has a 1 year low of $169.11 and a 1 year high of $260.10.
The stock has a market capitalization of $3.14 trillion, a P/E ratio of 33.22, a P/E/G ratio of 2.
44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.
26, a quick ratio of 0.88 and a current ratio of 0.92.
The company’s fifty day moving average is $215.71 and its two-hundred day moving average is $229.31.
Apple ( NASDAQ:AAPL – Get Free Report ) last issued 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, sell-side analysts predict that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th.
Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th.
This represents a $1.00 annualized dividend and a dividend yield of 0.48%.
Apple’s dividend payout ratio is currently 15.87%. Insider Activity at Apple In related news, CEO Timothy D.
Cook sold 108,136 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75.
This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .
Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.
67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.
86. The trade was a 17.81 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 187,021 shares of company stock worth $41,760,140 over the last three months. 0.
06% of the stock is currently owned by corporate insiders. Apple Profile ( 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.
See Also Five stocks we like better than Apple 3 Healthcare Dividend Stocks to Buy Short Sellers Gave Up on These 3 Names Recently Are Penny Stocks a Good Fit for Your Portfolio? 3 Boring Stocks Outperforming the Market This Year Election Stocks: How Elections Affect the Stock Market If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter ..
