2 weeks Ago By ABMN Staff
Semus Wealth Partners LLC raised its stake in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.4% in the fourth quarter, Holdings Channel.
com reports. The institutional investor owned 137,439 shares of the iPhone maker’s stock after buying an additional 535 shares during the quarter. Apple makes up about 22.
8% of Semus Wealth Partners LLC’s holdings, making the stock its largest holding. Semus Wealth Partners LLC’s holdings in Apple were worth $34,417,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently modified their holdings of the company.
Drystone LLC bought a new position in shares of Apple in the fourth quarter worth about $25,000. Life Planning Partners Inc bought a new stake in Apple during the 4th quarter worth approximately $47,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter worth approximately $71,000.
Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the 3rd quarter valued at $110,000. 67.
73% of the stock is owned by institutional investors. Insider Activity In other Apple news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.
00, for a total transaction 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 approximately $941,214.
This represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink .
Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here . In the last three months, 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 Price Performance Apple ( NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 EPS 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%.
On average, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share.
The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.
48%. Apple’s dividend payout ratio (DPR) is presently 15.87%.
Wall Street Analyst Weigh In AAPL has been the topic of a number of recent analyst reports. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock.
in a report on Tuesday, January 21st. Sanford C. Bernstein lifted their target price on Apple from $240.
00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Maxim Group increased their price objective on shares of Apple to $215.
00 and gave the company a “hold” rating in a report on Friday, February 21st. Citigroup dropped their target price on shares of Apple from $275.00 to $245.
00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.88.
View Our Latest Stock Analysis on AAPL About 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 Articles 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 ). Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.
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