3 weeks Ago By Defense World Staff
Diversified Portfolios Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.
7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,928 shares of the iPhone maker’s stock after selling 931 shares during the period. Apple accounts for approximately 0.
9% of Diversified Portfolios Inc.’s investment portfolio, making the stock its 26th biggest holding. Diversified Portfolios Inc.
’s holdings in Apple were worth $8,246,000 at the end of the most recent quarter. Other large investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its stake in Apple by 21.
1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Latitude Advisors LLC grew its holdings in shares of Apple by 0.
3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after buying an additional 50 shares during the last quarter. 1858 Wealth Management LLC increased its position in shares of Apple by 5.
9% in the 3rd quarter. 1858 Wealth Management LLC now owns 33,116 shares of the iPhone maker’s stock valued at $7,716,000 after acquiring an additional 1,846 shares during the period. Berry Wealth Group LP raised its stake in Apple by 1.
5% in the 3rd quarter. Berry Wealth Group LP now owns 40,903 shares of the iPhone maker’s stock worth $9,530,000 after acquiring an additional 597 shares during the last quarter. Finally, Little House Capital LLC lifted its position in Apple by 14.
2% during the 3rd quarter. Little House Capital LLC now owns 105,070 shares of the iPhone maker’s stock worth $24,481,000 after acquiring an additional 13,055 shares during the period. 67.
73% of the stock is owned by institutional investors and hedge funds. Insider Transactions at AppleIn other Apple news, CEO Timothy D. Cook sold 108,136 shares of the 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 approximately $733,637,976.75. This represents a 3.
19 % 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, COO Jeffrey E.
Williams sold 35,493 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.
93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59.
This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last three months, insiders have sold 182,451 shares of company stock valued at $40,818,720. Corporate insiders own 0.06% of the company’s stock.
Analyst Upgrades and DowngradesA number of research analysts have recently weighed in on the company. Wedbush cut their price objective on Apple from $325.00 to $250.
00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd.
Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Tigress Financial upped their price objective on shares of Apple from $295.00 to $300.
00 and gave the company a “strong-buy” rating in a report on Thursday, April 3rd. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st.
Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $235.
85.View Our Latest Stock Report on AppleApple Trading Down 0.2 %AAPL stock opened at $202.
14 on Wednesday. Apple Inc. has a 12-month low of $164.
08 and a 12-month high of $260.10. The business’s 50-day moving average is $221.
65 and its 200 day moving average is $230.79. The company has a current ratio of 0.
92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.
The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.
44 and a beta of 1.26. 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 return on equity of 160.83% and a net margin of 24.
30%. On average, sell-side analysts anticipate that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.
25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.
49%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.
87%. 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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