1 week Ago By Defense World Staff
Cornerstone Advisors Asset Management LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 6,128 shares of the iPhone maker’s stock after acquiring an additional 373 shares during the period. Cornerstone Advisors Asset Management LLC’s holdings in Apple were worth $1,535,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Drystone LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $25,000. SPX Gestao de Recursos Ltda bought a new position in Apple in the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the 3rd quarter valued at $77,000.
ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth about $110,000. Finally, Collier Financial bought a new position in shares of Apple in the 4th quarter valued at about $140,000. 67.
73% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at AppleIn related news, CFO Kevan Parekh sold 4,570 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.
00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company’s stock, valued at $941,214.
This trade represents a 50.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.
01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.
59. The trade was a 8.34 % decrease in their position.
The disclosure for this sale can be found here. Insiders have sold a total of 187,021 shares of company stock valued at $41,760,140 in the last ninety days. 0.
06% of the stock is currently owned by company insiders. Apple Trading Up 0.4 %Shares of AAPL stock opened at $209.
28 on Friday. The stock has a market cap 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 Inc. has a 1 year low of $169.11 and a 1 year high of $260.
10. The company has a current ratio of 0.92, a quick ratio of 0.
88 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $215.
71 and a 200 day simple moving average of $229.31. Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, January 30th.
The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. On average, research analysts predict that Apple Inc. will post 7.
28 earnings per share for the current fiscal year. Apple Dividend AnnouncementThe company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.
25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.
00 dividend on an annualized basis and a yield of 0.48%. Apple’s payout ratio is 15.
87%. Analyst Ratings ChangesSeveral research analysts recently commented on AAPL shares. Evercore ISI increased their price target on Apple from $260.
00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. JPMorgan Chase & Co.
decreased their target price on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th.
China Renaissance started coverage on shares of Apple in a research report on Tuesday. They set a “buy” rating and a $241.00 price target on the stock.
Redburn Partners set a $230.00 price objective on shares of Apple in a research report on Friday, January 31st. Finally, Sanford C.
Bernstein upped their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd.
Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.
88.View Our Latest Stock Report on AAPLApple 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 AppleInvesting in Construction StocksShort Sellers Gave Up on These 3 Names RecentlyWhat is diluted earnings per share (Diluted EPS)?3 Boring Stocks Outperforming the Market This Year3 Warren Buffett Stocks to Buy NowIf 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).
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