2 weeks Ago By Defense World Staff
Werba Rubin Papier Wealth Management lessened its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 93,244 shares of the iPhone maker’s stock after selling 18,812 shares during the quarter. Apple comprises approximately 5.5% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 4th largest holding.
Werba Rubin Papier Wealth Management’s holdings in Apple were worth $23,350,000 at the end of the most recent quarter. A number of other institutional investors also recently bought and sold shares of the business. Laidlaw Wealth Management LLC raised its stake in shares of Apple by 1.
4% during the 4th quarter. Laidlaw Wealth Management LLC now owns 39,889 shares of the iPhone maker’s stock valued at $9,989,000 after buying an additional 542 shares during the last quarter. Financial Management Network Inc.
raised its position in Apple by 4.8% during the fourth quarter. Financial Management Network Inc.
now owns 67,536 shares of the iPhone maker’s stock valued at $16,436,000 after acquiring an additional 3,066 shares in the last quarter. Cannon Financial Strategists Inc. lifted its holdings in Apple by 8.
7% in the fourth quarter. Cannon Financial Strategists Inc. now owns 7,388 shares of the iPhone maker’s stock valued at $1,850,000 after acquiring an additional 590 shares during the period.
Joel Adams & Associates Inc. purchased a new stake in Apple in the 4th quarter worth approximately $1,393,000. Finally, Global Retirement Partners LLC grew its stake in shares of Apple by 5.
5% during the 4th quarter. Global Retirement Partners LLC now owns 415,602 shares of the iPhone maker’s stock worth $104,075,000 after purchasing an additional 21,778 shares during the period. 67.
73% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at AppleIn other Apple news, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction on Wednesday, April 2nd.
The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40.
Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.
19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of Apple 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 completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 187,021 shares of company stock worth $41,760,140. 0.
06% of the stock is currently owned by company insiders. Analyst Ratings ChangesSeveral research firms recently issued reports on AAPL. Barclays increased their price target on shares of Apple from $183.
00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. DA Davidson lowered their target price on shares of Apple from $290.
00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and dropped their target price for the company from $202.
33 to $167.88 in a research report on Wednesday, April 9th. Evercore ISI upped their price target on Apple from $260.
00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, March 18th. Finally, Redburn Partners set a $230.
00 price target on Apple in a research report on Friday, January 31st. Two investment 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 assigned a strong buy rating to the company. According to data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.88.View Our Latest Stock Analysis on AAPLApple Trading Up 0.
4 %Shares of AAPL opened at $209.28 on Friday. Apple Inc.
has a 12-month low of $169.11 and a 12-month high of $260.10.
The firm 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 firm has a 50-day moving average price of $215.
71 and a 200 day moving average price of $229.31. The company has a current ratio of 0.
92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.
36 by $0.04. Apple had a net margin of 24.
30% and a return on equity of 160.83%. Sell-side analysts forecast that Apple Inc.
will post 7.28 EPS for the current year. Apple Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th.
This represents a $1.00 dividend on an annualized basis and a yield of 0.48%.
Apple’s dividend payout ratio is currently 15.87%. Apple Company 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 StoriesFive stocks we like better than AppleWhat is a support level?Short Sellers Gave Up on These 3 Names RecentlyHow to Buy Cheap Stocks Step by Step3 Boring Stocks Outperforming the Market This YearInvesting in Travel Stocks BenefitsIf You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc.
(NASDAQ:AAPL – Free Report)..
