1 week Ago By ABMN Staff
Cornerstone Advisors Asset Management LLC lifted its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 6.5% during the 4th quarter, according to the company in its most recent 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 quarter. Cornerstone Advisors Asset Management LLC’s holdings in Apple were worth $1,535,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Amara Financial LLC. bought a new stake in shares of Apple in the third quarter worth $288,000. Silicon Valley Capital Partners lifted its holdings in Apple by 12.
8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares during the period. Catalyst Financial Partners LLC grew its position in shares of Apple by 4.
2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after buying an additional 3,935 shares during the last quarter. Vestcor Inc increased its stake in shares of Apple by 10.
1% in the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker’s stock valued at $87,501,000 after buying an additional 34,414 shares during the period. Finally, 5th Street Advisors LLC raised its position in shares of Apple by 32.
9% during the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock worth $3,518,000 after acquiring an additional 3,736 shares during the last quarter. Institutional investors own 67.
73% of the company’s stock. Insider Activity In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple 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 completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This trade represents a 8.
34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CEO Timothy D.
Cook sold 108,136 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $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 .
Insiders sold 187,021 shares of company stock valued at $41,760,140 in the last three months. Company insiders own 0.06% of the company’s stock.
Apple Stock Performance Apple ( NASDAQ:AAPL – Get Free Report ) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Announces Dividend The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were paid 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 15.87%. Analysts Set New Price Targets A number of analysts have weighed in on the stock.
Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research report on Tuesday, January 21st.
Needham & Company LLC restated a “buy” rating and set a $225.00 price target on shares of Apple in a report on Monday, April 14th. Bank of America reduced their price objective on shares of Apple from $250.
00 to $240.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James boosted their target price on shares of Apple to $250.
00 and gave the company a “buy” rating in a research report on Friday, April 4th. Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. 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 company’s stock.
According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.88.
Check Out Our Latest Stock Report on AAPL 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. See Also 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.
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