2 weeks Ago By ABMN Staff
Nations Financial Group Inc. IA ADV lowered its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 9.
4% in the 4th quarter, HoldingsChannel reports. The fund owned 176,963 shares of the iPhone maker’s stock after selling 18,388 shares during the period. Apple accounts for about 3.
2% of Nations Financial Group Inc. IA ADV’s holdings, making the stock its biggest position. Nations Financial Group Inc.
IA ADV’s holdings in Apple were worth $44,315,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business. Drystone LLC bought a new position in shares of Apple in the fourth quarter valued at approximately $25,000.
Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter.
SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple in the third quarter worth about $110,000.
67.73% of the stock is currently owned by hedge funds and other institutional investors. Apple Stock Up 1.
3 % Shares of AAPL opened at $196.79 on Friday. The business has a fifty day moving average of $219.
65 and a 200 day moving average of $230.10. The company has a market cap of $2.
96 trillion, a PE ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.
26. The company has a quick ratio of 0.88, a current ratio of 0.
92 and a debt-to-equity ratio of 1.26. Apple Inc.
has a 52-week low of $164.77 and a 52-week high of $260.10.
Apple Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend.
This represents a $1.00 annualized dividend and a yield of 0.51%.
The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.
Insiders Place Their Bets In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction 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 sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.
75. This trade represents a 3.19 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd.
The stock was sold at an average price of $223.67, for a total value 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 $40,072,269.86. This represents a 17.
81 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders have sold 182,451 shares of company stock valued at $40,818,720.
Insiders own 0.06% of the company’s stock. Analysts Set New Price Targets Several brokerages recently issued reports on AAPL.
Bank of America reduced their price target on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd.
Rosenblatt Securities reissued a “buy” rating and set a $263.00 price target on shares of Apple in a research report on Thursday, April 3rd. Redburn Partners set a $230.
00 target price on shares of Apple in a research note on Friday, January 31st. Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.
85. Read Our Latest Stock Report on Apple 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.
See Also Want 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 ).
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