2 weeks Ago By Defense World Staff
SilverOak Wealth Management LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 16,790 shares of the iPhone maker’s stock after selling 503 shares during the period. Apple accounts for approximately 0.9% of SilverOak Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding.
SilverOak Wealth Management LLC’s holdings in Apple were worth $4,205,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allied Investment Advisors LLC lifted its stake in Apple by 1.
2% in the fourth quarter. Allied Investment Advisors LLC now owns 83,706 shares of the iPhone maker’s stock valued at $20,962,000 after buying an additional 976 shares during the period. Atlas Legacy Advisors LLC bought a new position in Apple during the fourth quarter worth $9,627,000.
Bank of Jackson Hole Trust bought a new stake in Apple in the fourth quarter valued at $7,437,000. Klingman & Associates LLC boosted its position in shares of Apple by 1.0% during the 4th quarter.
Klingman & Associates LLC now owns 251,534 shares of the iPhone maker’s stock worth $62,989,000 after purchasing an additional 2,545 shares in the last quarter. Finally, Prossimo Advisors LLC grew its stake in shares of Apple by 0.8% in the 4th quarter.
Prossimo Advisors LLC now owns 32,083 shares of the iPhone maker’s stock valued at $8,034,000 after buying an additional 245 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.
Apple Stock PerformanceShares of AAPL opened at $209.28 on Friday. The company has a 50-day simple moving average of $215.
71 and a two-hundred day simple moving average 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.
The firm 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. 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 issued its quarterly earnings results 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, analysts anticipate that Apple Inc.
will post 7.28 EPS for the current fiscal year. Apple Dividend AnnouncementThe firm also recently announced 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 annualized dividend and a dividend yield of 0.48%.
Apple’s payout ratio is 15.87%. Insider Transactions at AppleIn other 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 transaction, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59.
The trade was a 8.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.
00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.
01 % 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 valued at $41,760,140 in the last ninety days.
0.06% of the stock is currently owned by corporate insiders. Analyst Upgrades and DowngradesSeveral research firms have recently commented on AAPL.
Raymond James boosted their price objective on Apple to $250.00 and gave the company a “buy” rating in a report on Friday, April 4th. Morgan Stanley decreased their target price on shares of 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 reiterated a “sell” rating and set a $188.
00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Redburn Partners set a $230.
00 target price on Apple in a report on Friday, January 31st. Finally, Barclays increased their price target 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 assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.88.Read Our Latest Report on AppleAbout 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 AlsoFive stocks we like better than AppleFind and Profitably Trade Stocks at 52-Week LowsShort Sellers Gave Up on These 3 Names RecentlyWhat is a Death Cross in Stocks?3 Boring Stocks Outperforming the Market This YearHow to Invest in the Best Canadian Stocks 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.com to get the latest 13F filings and insider trades for Apple Inc.
(NASDAQ:AAPL – Free Report)..
