2 weeks Ago By Defense World Staff
Cannon Financial Strategists Inc. raised its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 8.
7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,388 shares of the iPhone maker’s stock after buying an additional 590 shares during the period. Apple comprises about 0.
3% of Cannon Financial Strategists Inc.’s portfolio, making the stock its 27th biggest position. Cannon Financial Strategists Inc.
’s holdings in Apple were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds also recently made changes to their positions in the company. Drystone LLC bought a new position in shares of Apple in the 4th quarter worth about $25,000.
Life Planning Partners Inc bought a new position in shares of Apple during the 4th quarter worth approximately $47,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new position in Apple during the third quarter worth $77,000.
Finally, ARK Investment Management LLC bought a new stake in Apple in the third quarter valued at $110,000. 67.73% of the stock is currently owned by institutional investors.
Apple Stock PerformanceShares of AAPL stock opened at $209.28 on Friday. 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 stock has a fifty day moving average of $215.71 and a 200 day moving average of $229.31.
The firm has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.
44 and a beta of 1.26. Apple Inc.
has a 52 week low of $169.11 and a 52 week high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. As a group, research analysts expect 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.
Stockholders 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 dividend yield of 0.48%.
Apple’s dividend payout ratio is currently 15.87%. Analyst Ratings ChangesSeveral equities research analysts have recently commented on AAPL shares.
Tigress Financial boosted their price objective on Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, April 3rd.
Needham & Company LLC reissued a “buy” rating and issued a $225.00 price target on shares of Apple in a research report on Monday, April 14th. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.
00 target price for the company. in a report on Tuesday, January 21st. China Renaissance initiated coverage on Apple in a research note on Tuesday.
They issued a “buy” rating and a $241.00 price objective for the company. Finally, Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th.
Two equities research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.88.
Read Our Latest Report on AppleInsider Activity at AppleIn related news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.
67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.
86. This trade represents a 17.81 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd.
The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93.
Following the completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.
34 % decrease in their ownership of the stock. 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 90 days.
Corporate insiders own 0.06% of the company’s stock. 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.Read MoreFive stocks we like better than AppleCD Calculator: Certificate of Deposit Calculator Short Sellers Gave Up on These 3 Names RecentlyMost active stocks: Dollar volume vs share volume3 Boring Stocks Outperforming the Market This Year3 Stocks to Consider Buying in OctoberIf 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)..
