2 weeks Ago By Defense World Staff
Timber Creek Capital Management LLC reduced its stake in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 57,512 shares of the iPhone maker’s stock after selling 579 shares during the period. Apple accounts for about 4.2% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding.
Timber Creek Capital Management LLC’s holdings in Apple were worth $14,402,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Drystone LLC bought a new position in Apple in the 4th quarter valued at about $25,000.
SPX Gestao de Recursos Ltda acquired a new position in Apple in the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter worth $77,000. ARK Investment Management LLC acquired a new stake in Apple during the 3rd quarter worth about $110,000.
Finally, Collier Financial acquired a new stake in shares of Apple during the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
Analyst Ratings Changes AAPL has been the topic of several recent analyst reports. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Tigress Financial increased their price target on shares of Apple from $295.
00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. Barclays upped their price objective on shares of Apple from $183.
00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co.
decreased their target price on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th.
Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $263.00 price target on shares of Apple in a research note on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned 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 presently has an average rating of “Moderate Buy” and an average target price of $233.88.
Apple Stock Performance NASDAQ AAPL opened at $209.28 on Friday. The company’s fifty day moving average is $215.
71 and its two-hundred day moving average is $229.31. Apple Inc.
has a 52-week low of $169.11 and a 52-week high of $260.10.
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 price-to-earnings ratio of 33.
22, a P/E/G ratio of 2.44 and a beta of 1.26.
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 (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%. Equities research analysts forecast that Apple Inc.
will post 7.28 EPS for the current year. Apple Dividend Announcement The firm 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 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th.
Apple’s dividend payout ratio is 15.87%. Insider Transactions at Apple In related news, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction on Wednesday, April 23rd.
The stock was sold at an average price of $206.00, for a total value of $941,420.00.
Following the sale, the chief financial officer now owns 4,569 shares of the company’s stock, valued at $941,214. The trade was a 50.01 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd.
The stock was sold at an average price of $223.67, for a total value of $8,683,316.74.
Following 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 . In the last three months, 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. See Also Five stocks we like better than Apple How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Short Sellers Gave Up on These 3 Names Recently What is a Dividend Harvesting Strategy and How Can Investors Profit from it? 3 Boring Stocks Outperforming the Market This Year Using the MarketBeat Dividend Yield Calculator 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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