1 week Ago By Defense World Staff
Beirne Wealth Consulting Services LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC.
The fund owned 16,469 shares of the iPhone maker’s stock after selling 150 shares during the quarter. Apple accounts for 1.5% of Beirne Wealth Consulting Services LLC’s holdings, making the stock its 17th biggest holding.
Beirne Wealth Consulting Services LLC’s holdings in Apple were worth $4,124,000 as of its most recent filing with the SEC. Other institutional investors also recently bought and sold shares of the company. Drystone LLC bought a new position in Apple in the 4th quarter valued at $25,000.
SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the 3rd quarter valued at about $77,000. ARK Investment Management LLC bought a new position in Apple in the 3rd quarter worth about $110,000.
Finally, Collier Financial purchased a new position in shares of Apple during the fourth quarter worth approximately $140,000. 67.73% of the stock is currently owned by institutional investors.
Apple Stock Up 0.4 %AAPL stock opened at $209.28 on Friday.
The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.
88. The firm’s fifty day simple moving average is $215.71 and its 200-day simple moving average is $229.
31. Apple Inc. has a 12 month low of $169.
11 and a 12 month high of $260.10. The company has a market capitalization of $3.
14 trillion, a P/E 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 announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04.
Apple had a return on equity of 160.83% and a net margin of 24.30%.
As a group, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Announces DividendThe business 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 dividend on an annualized basis and a yield of 0.48%.
The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.
Analysts Set New Price TargetsA number of brokerages recently issued reports on AAPL. Citigroup lowered their price target on Apple from $275.00 to $245.
00 and set a “buy” rating for the company in a report on Monday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Apple in a report on Monday, April 14th.
The Goldman Sachs Group dropped their price target on Apple from $259.00 to $256.00 and set a “buy” rating on the stock in a research report on Wednesday.
Evercore ISI lifted their price objective on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th.
Finally, Sanford C. Bernstein increased their price objective on shares of Apple from $240.00 to $260.
00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $233.
88.Read Our Latest Analysis on AAPLInsiders Place Their BetsIn related news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on Wednesday, April 2nd.
The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40.
Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. This represents a 3.
19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company’s stock in a transaction dated Wednesday, April 23rd.
The stock was sold at an average price of $206.00, for a total transaction of $941,420.00.
Following the completion of the transaction, the chief financial officer now owns 4,569 shares of the company’s stock, valued at approximately $941,214. This trade represents a 50.01 % decrease in their position.
The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. Corporate insiders own 0.
06% of the company’s stock. 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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