1 week Ago By ABMN Staff
SilverOak Wealth Management LLC reduced its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 16,790 shares of the iPhone maker’s stock after selling 503 shares during the period. Apple makes up about 0.9% of SilverOak Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.
SilverOak Wealth Management LLC’s holdings in Apple were worth $4,205,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of AAPL. State Street Corp increased its position in Apple by 10.
6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. FMR LLC raised its stake in Apple by 5.
3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares during the period. Geode Capital Management LLC lifted its holdings in Apple by 6.
5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc.
boosted its position in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc.
now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Apple by 1.9% during the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after purchasing an additional 1,742,087 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insider Buying and Selling at Apple In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business’s 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 sale, the senior vice president now owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.
86. The trade was a 17.81 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd.
The stock was 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 owns 390,059 shares of the company’s stock, valued at $87,377,116.59. The trade was a 8.
34 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 187,021 shares of company stock worth $41,760,140 over the last quarter.
Insiders own 0.06% of the company’s stock. Apple Stock Performance Apple ( NASDAQ:AAPL – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th.
The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.
04. Apple had a net margin of 24.30% and a return on equity of 160.
83%. As a group, equities research analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.
25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.
48%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.
87%. Analyst Upgrades and Downgrades AAPL has been the topic of several research analyst reports. DA Davidson lowered their price objective on Apple from $290.
00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley dropped their price target on Apple from $252.
00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and reduced their price objective for the company from $202.
33 to $167.88 in a research report on Wednesday, April 9th. Maxim Group upped their target price on shares of Apple to $215.
00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their price target on shares of Apple from $259.00 to $256.
00 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $233.
88. Read Our Latest 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 ).
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