1 week Ago By Defense World Staff
Lyell Wealth Management LP boosted its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 185,415 shares of the iPhone maker’s stock after purchasing an additional 438 shares during the period. Apple makes up 4.2% of Lyell Wealth Management LP’s portfolio, making the stock its 2nd biggest position.
Lyell Wealth Management LP’s holdings in Apple were worth $46,432,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Drystone LLC acquired a new position in Apple during the 4th quarter worth $25,000.
Life Planning Partners Inc acquired a new position in Apple in the fourth quarter worth about $47,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth approximately $77,000.
Finally, ARK Investment Management LLC bought a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Wall Street Analyst Weigh In AAPL has been the subject of a number of research reports. KeyCorp raised shares of Apple from an “underweight” rating to a “sector weight” rating in a report on Monday, April 14th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th.
Morgan Stanley decreased their target price on Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.
Rosenblatt Securities reissued a “buy” rating and issued a $263.00 price target on shares of Apple in a report on Thursday, April 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $225.
00 price objective on shares of Apple in a research report on Monday, April 14th. Two investment 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’s stock. 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 Up 0.
4 % Shares of NASDAQ:AAPL opened at $209.28 on Friday. Apple Inc.
has a 52 week low of $169.11 and a 52 week high of $260.10.
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 has a market cap of $3.14 trillion, a PE ratio of 33.
22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.
The firm has a 50 day simple moving average of $215.71 and a 200 day simple moving average of $229.31.
Apple ( NASDAQ:AAPL – Get Free Report ) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.
36 by $0.04. Apple had a return on equity of 160.
83% and a net margin of 24.30%. As a group, research analysts expect that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th.
Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.
00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, February 10th.
Apple’s dividend payout ratio is currently 15.87%. Insider Buying and Selling at Apple In related news, SVP Katherine L.
Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.
74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86.
This trade represents a 17.81 % decrease in their ownership of the stock. The sale 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 business’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 transaction, 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 position.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 187,021 shares of company stock worth $41,760,140. 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.
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