2 weeks Ago By Defense World Staff
Plan Group Financial LLC lowered its holdings in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC.
The fund owned 7,475 shares of the iPhone maker’s stock after selling 154 shares during the period. Apple comprises 1.0% of Plan Group Financial LLC’s portfolio, making the stock its 21st largest position.
Plan Group Financial LLC’s holdings in Apple were worth $1,872,000 as of its most recent SEC filing. Other hedge funds have also recently bought and sold shares of the company. Drystone LLC acquired a new position in Apple in the fourth quarter worth about $25,000.
SPX Gestao de Recursos Ltda bought a new position in Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the 3rd quarter worth approximately $77,000. ARK Investment Management LLC bought a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000.
Finally, Collier Financial acquired a new stake in shares of Apple during the 4th quarter valued at approximately $140,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have weighed in on the stock. Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd.
JPMorgan Chase & Co. lowered their price objective on shares of Apple from $270.00 to $245.
00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. UBS Group cut their price target on Apple from $236.
00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Maxim Group upped their price objective on Apple to $215.
00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Two equities 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, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.
88. Apple Price Performance Shares of NASDAQ:AAPL opened at $209.28 on Friday.
The company has a market capitalization of $3.14 trillion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.
44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.
26, a quick ratio of 0.88 and a current ratio of 0.92.
The stock has a fifty day moving average of $215.71 and a 200-day moving average of $229.31.
Apple Inc. has a one year low of $169.11 and a one year high of $260.
10. Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 EPS for the quarter, beating 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%.
As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.
48%. Apple’s dividend payout ratio is currently 15.87%.
Insider Buying and Selling In other news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction on 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 transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.
86. The trade was a 17.81 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, COO Jeffrey E. Williams sold 35,493 shares of the 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 directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.
34 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last 90 days, insiders sold 187,021 shares of company stock valued at $41,760,140.
Company insiders own 0.06% of the company’s stock. Apple 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. Featured Stories Five stocks we like better than Apple What Are Treasury Bonds? Short Sellers Gave Up on These 3 Names Recently What Do S&P 500 Stocks Tell Investors About the Market? 3 Boring Stocks Outperforming the Market This Year Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy 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.com's FREE daily email newsletter .
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