1 week Ago By Defense World Staff
DSM Capital Partners LLC trimmed its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 1,656,917 shares of the iPhone maker’s stock after selling 595,258 shares during the quarter. Apple comprises 6.4% of DSM Capital Partners LLC’s investment portfolio, making the stock its 7th biggest position.
DSM Capital Partners LLC’s holdings in Apple were worth $414,925,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also made changes to their positions in the company. Drystone LLC acquired a new position in shares of Apple in the 4th quarter valued at $25,000.
Life Planning Partners Inc purchased a new stake in shares of Apple in the 4th quarter valued at approximately $47,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000.
Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the third quarter worth $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Apple Stock PerformanceShares 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 announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.
36 by $0.04. Apple had a return on equity of 160.
83% and a net margin of 24.30%. On average, sell-side analysts predict that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th.
This represents a $1.00 annualized dividend and a dividend yield of 0.48%.
Apple’s payout ratio is currently 15.87%. Analyst Upgrades and DowngradesAAPL has been the subject of a number of research analyst reports.
Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st.
Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co.
decreased their price target on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th.
Two equities research 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 given a strong buy rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.88.
Check Out Our Latest Stock Report on AppleInsider Transactions at AppleIn other news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.
00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.
01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D.
Cook sold 108,136 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.
40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75.
The trade was a 3.19 % 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 valued at $41,760,140 in the last ninety days. 0.06% of the stock is currently owned by company 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.Featured ArticlesFive stocks we like better than AppleWhy Invest in High-Yield Dividend Stocks?Short Sellers Gave Up on These 3 Names RecentlyThe Basics of Support and Resistance3 Boring Stocks Outperforming the Market This YearWhy Are Stock Sectors Important to Successful Investing?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
