2 weeks Ago By Defense World Staff
Northcape Wealth Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 40,986 shares of the iPhone maker’s stock after selling 222 shares during the period. Apple comprises about 3.3% of Northcape Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position.
Northcape Wealth Management LLC’s holdings in Apple were worth $10,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds also recently made changes to their positions in the company. Atlas Legacy Advisors LLC bought a new position in Apple in the fourth quarter worth $9,627,000.
Bank of Jackson Hole Trust bought a new position in shares of Apple during the 4th quarter worth about $7,437,000. Klingman & Associates LLC boosted its position in shares of Apple by 1.0% during the 4th quarter.
Klingman & Associates LLC now owns 251,534 shares of the iPhone maker’s stock valued at $62,989,000 after acquiring an additional 2,545 shares in the last quarter. Prossimo Advisors LLC increased its stake in Apple by 0.8% in the fourth quarter.
Prossimo Advisors LLC now owns 32,083 shares of the iPhone maker’s stock valued at $8,034,000 after acquiring an additional 245 shares during the period. Finally, Morton Brown Family Wealth LLC increased its stake in Apple by 0.6% in the fourth quarter.
Morton Brown Family Wealth LLC now owns 8,996 shares of the iPhone maker’s stock valued at $2,253,000 after acquiring an additional 54 shares during the period. Institutional investors own 67.73% of the company’s stock.
Insiders Place Their BetsIn other news, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.
00. Following the sale, the chief financial officer now owns 4,569 shares of the company’s stock, valued at $941,214. The trade was a 50.
01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L.
Adams sold 38,822 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction 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 approximately $40,072,269.86.
This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here.
Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 in the last quarter. 0.06% of the stock is currently owned by insiders.
Apple Stock Up 0.4 %Apple stock opened at $209.28 on Friday.
Apple Inc. has a twelve month low of $169.11 and a twelve month high of $260.
10. The company has a quick ratio of 0.88, a current ratio of 0.
92 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $215.
71 and a 200-day moving average of $229.31. The stock has a market capitalization 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. Apple (NASDAQ:AAPL – Get Free Report) last released its 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, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend AnnouncementThe company also recently announced 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 annualized dividend and a yield of 0.48%.
The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.
Analysts Set New Price TargetsAAPL has been the topic of several recent analyst reports. Tigress Financial boosted their price target on Apple from $295.00 to $300.
00 and gave the company a “strong-buy” rating in a research note on Thursday, April 3rd. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Monness Crespi & Hardt increased their target price on shares of Apple to $245.
00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Bank of America cut their price target on shares of Apple from $250.00 to $240.
00 and set a “buy” rating for the company in a report on Thursday. Finally, Sanford C. Bernstein upped their price objective on shares of Apple from $240.
00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.88.
Get Our Latest Report on AAPLAbout 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.Featured StoriesFive stocks we like better than Apple5 Top Rated Dividend Stocks to ConsiderShort Sellers Gave Up on These 3 Names RecentlyWhich Wall Street Analysts are the Most Accurate?3 Boring Stocks Outperforming the Market This YearWhat is a Special Dividend?If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy.
