2 weeks Ago By Defense World Staff
Joel Adams & Associates Inc. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm bought 5,563 shares of the iPhone maker’s stock, valued at approximately $1,393,000. Apple makes up about 1.3% of Joel Adams & Associates Inc.
’s investment portfolio, making the stock its 16th largest position. A number of other hedge funds have also recently made changes to their positions in AAPL. O Connor Financial Group LLC raised its position in shares of Apple by 1.
2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc.
grew its stake in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc.
now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares in the last quarter. Menard Financial Group LLC increased its holdings in Apple by 0.4% in the 3rd quarter.
Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares during the last quarter. Hanseatic Management Services Inc. lifted its stake in Apple by 1.
3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares in the last quarter.
Finally, Family Capital Management Inc. boosted its holdings in shares of Apple by 0.3% during the 4th quarter.
Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock valued at $4,235,000 after purchasing an additional 48 shares during the last quarter. 67.
73% of the stock is owned by institutional investors. Insider Buying and SellingIn other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd.
The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74.
Following the sale, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This trade represents a 17.
81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction dated Wednesday, April 23rd.
The shares were sold at an average price of $206.00, for a total value of $941,420.00.
Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares of the company’s stock, valued at approximately $941,214. This trade represents a 50.01 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold 187,021 shares of company stock valued at $41,760,140 over the last quarter. 0.
06% of the stock is currently owned by company insiders. Analyst Ratings ChangesSeveral equities research analysts have recently issued reports on the company. Wedbush reduced their target price on Apple from $325.
00 to $250.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Sanford C.
Bernstein lifted their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd.
Morgan Stanley lowered their target price on Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th.
Moffett Nathanson restated a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th.
Finally, Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and lowered their price objective for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th.
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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.88.
Read Our Latest Stock Report on AAPLApple Stock Up 0.4 %Apple stock opened at $209.28 on Friday.
The business has a fifty day moving average price of $215.71 and a 200-day moving average price of $229.31.
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 1-year low of $169.
11 and a 1-year high of $260.10. The stock has a market capitalization of $3.
14 trillion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.44 and a beta of 1.
26. Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04.
Apple had a net margin of 24.30% and a return on equity of 160.83%.
Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces DividendThe company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend.
This represents a $1.00 annualized dividend and a dividend yield of 0.48%.
The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.
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.Featured ArticlesFive stocks we like better than AppleTransportation Stocks InvestingShort Sellers Gave Up on These 3 Names RecentlyInvesting in Travel Stocks Benefits3 Boring Stocks Outperforming the Market This YearWhy Are Stock Sectors Important to Successful Investing?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.
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