4 days Ago By Defense World Staff
Louisiana State Employees Retirement System lowered its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,261,600 shares of the iPhone maker’s stock after selling 43,400 shares during the quarter. Apple accounts for approximately 5.9% of Louisiana State Employees Retirement System’s holdings, making the stock its biggest holding.
Louisiana State Employees Retirement System’s holdings in Apple were worth $315,930,000 at the end of the most recent quarter. Several other large investors also recently modified their holdings of the business. Wealth Advisors Northwest LLC acquired a new position in Apple in the fourth quarter valued at approximately $2,142,000.
David Wealth Management LLC acquired a new stake in shares of Apple in the 4th quarter worth about $1,618,000. Schear Investment Advisers LLC lifted its position in Apple by 4.4% in the 4th quarter.
Schear Investment Advisers LLC now owns 32,672 shares of the iPhone maker’s stock valued at $8,182,000 after purchasing an additional 1,362 shares during the last quarter. Authentikos Wealth Advisory LLC boosted its stake in Apple by 36.9% during the 4th quarter.
Authentikos Wealth Advisory LLC now owns 13,603 shares of the iPhone maker’s stock valued at $3,406,000 after purchasing an additional 3,668 shares during the period. Finally, Ridgeline Wealth Planning LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $252,000. 67.
73% of the stock is currently owned by institutional investors and hedge funds. Apple Price PerformanceAAPL stock opened at $202.14 on Wednesday.
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 firm has a 50 day moving average price of $221.65 and a 200-day moving average price of $230.
79. Apple Inc. has a 52-week low of $164.
08 and a 52-week high of $260.10. The firm has a market capitalization of $3.
04 trillion, a price-to-earnings ratio of 32.09, a PEG ratio of 2.44 and a beta of 1.
26. Apple (NASDAQ:AAPL – Get Free Report) last issued 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%.
Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces DividendThe firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend.
This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%.
The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.
Insider Activity at AppleIn other Apple news, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.
86. This represents a 17.81 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s 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 completion of the sale, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.
34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,451 shares of company stock worth $40,818,720.
0.06% of the stock is owned by company insiders. Analyst Ratings ChangesAAPL has been the topic of a number of research analyst reports.
DA Davidson lowered their price target on Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday.
Barclays upped their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st.
Morgan Stanley lowered their price target on Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th.
Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, UBS Group boosted their price target on shares of Apple to $236.00 and gave the stock a “buy” rating in a research report on Monday.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $235.85.
Check Out Our Latest Analysis on AAPLAbout 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.Recommended StoriesFive stocks we like better than AppleWhat is the Australian Securities Exchange (ASX) Beware of BigBear.
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