2 weeks Ago By Defense World Staff
Convergence Investment Partners LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The firm owned 35,110 shares of the iPhone maker’s stock after selling 2,660 shares during the quarter. Apple accounts for 2.0% of Convergence Investment Partners LLC’s holdings, making the stock its 6th largest holding.
Convergence Investment Partners LLC’s holdings in Apple were worth $8,792,000 as of its most recent SEC filing. Other large investors have also modified their holdings of the company. State Street Corp boosted its holdings in Apple by 10.
6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC boosted its stake in shares of Apple by 6.
5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares during the period. FMR LLC grew its position in shares of Apple by 5.
3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Apple by 25,285.
2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after buying an additional 9,590,933 shares during the period. Finally, Charles Schwab Investment Management Inc.
raised its holdings in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc.
now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.
Insider Buying and SellingIn other Apple news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.
00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. The trade was a 50.
01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75.
This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last ninety days, insiders have sold 187,021 shares of company stock valued at $41,760,140. Corporate insiders own 0.06% of the company’s stock.
Apple Stock PerformanceApple 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.
Apple Inc. has a 12 month low of $169.11 and a 12 month high of $260.
10. The company has a market cap of $3.14 trillion, a price-to-earnings ratio of 33.
22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.
The stock’s 50-day moving average is $215.71 and its 200-day moving average is $229.31.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Investors 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 dividend yield of 0.48%.
Apple’s payout ratio is currently 15.87%. Analyst Ratings ChangesSeveral research analysts have commented on AAPL shares.
KeyCorp upgraded shares of Apple from an “underweight” rating to a “sector weight” rating in a report on Monday, April 14th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down previously from $202.
00) on shares of Apple in a report on Tuesday, January 7th. Tigress Financial upped their price objective on Apple from $295.00 to $300.
00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. Rosenblatt Securities restated a “buy” rating and set a $263.00 target price on shares of Apple in a research note on Thursday, April 3rd.
Finally, China Renaissance started coverage on shares of Apple in a report on Tuesday. They set a “buy” rating and a $241.00 price objective on the stock.
Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.
88.Check Out Our Latest Analysis on AAPLApple 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 AlsoFive stocks we like better than AppleStock Ratings and Recommendations: Understanding Analyst RatingsShort Sellers Gave Up on These 3 Names RecentlyWhat is a Stock Market Index and How Do You Use Them?3 Boring Stocks Outperforming the Market This YearInvesting in the High PE Growth Stocks If 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).
.
