2 weeks Ago By Defense World Staff
Financial Management Network Inc. raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 4.
8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,536 shares of the iPhone maker’s stock after buying an additional 3,066 shares during the quarter. Apple accounts for approximately 3.
4% of Financial Management Network Inc.’s holdings, making the stock its 5th biggest holding. Financial Management Network Inc.
’s holdings in Apple were worth $16,436,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Drystone LLC bought a new position 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 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter worth $77,000. ARK Investment Management LLC bought a new stake in Apple during the 3rd quarter worth about $110,000.
Finally, Collier Financial bought a new stake in shares of Apple during the fourth quarter worth approximately $140,000. Institutional investors own 67.73% of the company’s stock.
Apple Price PerformanceApple 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 P/E/G 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 company’s 50 day moving average price is $215.
71 and its two-hundred 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 (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.
36 by $0.04. Apple had a return on equity of 160.
83% and a net margin of 24.30%. On average, equities analysts predict that Apple Inc.
will post 7.28 earnings per share for the current year. Apple Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.
00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th.
Apple’s dividend payout ratio is 15.87%. Insider Buying and Selling at AppleIn related news, COO Jeffrey E.
Williams sold 35,493 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59.
This represents a 8.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.
67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.
86. This represents a 17.81 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders have sold a total of 187,021 shares of company stock worth $41,760,140 over the last three months. 0.
06% of the stock is currently owned by insiders. Analysts Set New Price TargetsSeveral equities analysts have recently issued reports on the company. Moffett Nathanson restated a “sell” rating and set a $188.
00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st.
Bank of America cut their price target on Apple from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday.
Citigroup lowered their price objective on shares of Apple from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, April 14th.
Finally, Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research 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 given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $233.
88.Check Out Our Latest Stock 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.
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