1 week Ago By ABMN Staff
Cannon Financial Strategists Inc. raised its holdings in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 8.
7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,388 shares of the iPhone maker’s stock after acquiring an additional 590 shares during the quarter. Apple makes up about 0.
3% of Cannon Financial Strategists Inc.’s investment portfolio, making the stock its 27th biggest position. Cannon Financial Strategists Inc.
’s holdings in Apple were worth $1,850,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in the business. Drystone LLC bought a new stake in Apple in the 4th quarter worth approximately $25,000.
SPX Gestao de Recursos Ltda bought a new stake in Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. ARK Investment Management LLC purchased a new stake in Apple during the 3rd quarter valued at $110,000.
Finally, Collier Financial bought a new position in Apple during the fourth quarter valued at $140,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Apple Stock Performance Shares of AAPL stock opened at $209.28 on Friday. The stock has a market capitalization of $3.
14 trillion, a PE ratio of 33.22, a price-to-earnings-growth 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. The stock’s 50-day moving average price is $215.
71 and its 200 day moving average price is $229.31. Apple Inc.
has a 52-week low of $169.11 and a 52-week high of $260.10.
Apple Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share.
The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.
48%. Apple’s dividend payout ratio (DPR) is currently 15.87%.
Insider Activity In other news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were 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 directly owns 390,059 shares of the company’s stock, valued at $87,377,116.
59. The trade was a 8.34 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd.
The stock was 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 $733,637,976.75. The trade was a 3.
19 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 187,021 shares of company stock worth $41,760,140 over the last ninety days.
0.06% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on AAPL shares.
Tigress Financial increased their price target on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd.
Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a report on Tuesday, January 21st.
Moffett Nathanson restated a “sell” rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th.
Monness Crespi & Hardt boosted their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their target price on Apple from $259.
00 to $256.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock.
According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.88. Check Out Our Latest Stock Report on Apple 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. Read More 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.com's FREE daily email newsletter .
.
