4 days Ago By Defense World Staff
Gladstone Institutional Advisory LLC raised its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 250,566 shares of the iPhone maker’s stock after buying an additional 11,661 shares during the period. Apple makes up about 2.9% of Gladstone Institutional Advisory LLC’s holdings, making the stock its biggest holding.
Gladstone Institutional Advisory LLC’s holdings in Apple were worth $62,747,000 at the end of the most recent quarter. Several other large investors also recently modified their holdings of AAPL. TFB Advisors LLC lifted its holdings in Apple by 0.
5% during the 4th quarter. TFB Advisors LLC now owns 29,388 shares of the iPhone maker’s stock worth $7,359,000 after buying an additional 136 shares during the last quarter. Capital Advisors Inc.
OK raised its position in shares of Apple by 1.3% during the 4th quarter. Capital Advisors Inc.
OK now owns 710,783 shares of the iPhone maker’s stock valued at $177,994,000 after acquiring an additional 9,325 shares in the last quarter. Certuity LLC lifted its stake in Apple by 5.7% during the fourth quarter.
Certuity LLC now owns 169,357 shares of the iPhone maker’s stock worth $42,410,000 after purchasing an additional 9,158 shares during the last quarter. Community Financial Services Group LLC boosted its holdings in Apple by 1.8% in the fourth quarter.
Community Financial Services Group LLC now owns 121,407 shares of the iPhone maker’s stock worth $30,403,000 after purchasing an additional 2,108 shares during the period. Finally, Wealth Advisors Northwest LLC bought a new stake in Apple during the fourth quarter valued at $2,142,000. 67.
73% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several research firms recently weighed in on AAPL. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th.
Bank of America dropped their price target on Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd.
Maxim Group boosted their price objective on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Morgan Stanley dropped their target price on Apple from $252.
00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI raised their target price on Apple from $260.
00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.85.
Apple Trading Down 0.2 % Apple stock opened at $202.14 on Wednesday.
The company has a 50 day moving average price of $221.65 and a 200 day moving average price of $230.79.
The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.
92. 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 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 for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04.
Apple had a return on equity of 160.83% and a net margin of 24.30%.
Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.
Insider Buying and Selling In other Apple news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.
65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.
75. This trade represents a 3.19 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available at this hyperlink . Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd.
The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93.
Following the transaction, the chief operating officer now owns 390,059 shares in the company, 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 . Over the last three months, insiders sold 182,451 shares of company stock worth $40,818,720.
0.06% of the stock is owned by company insiders. 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. Read More Five stocks we like better than Apple Technology Stocks Explained: Here’s What to Know About Tech Beware of BigBear.ai: Insiders Are Selling—Should You? Most Volatile Stocks, What Investors Need to Know CrowdStrike Stock is a Buy as Cyberthreat Environment Expands CD Calculator: Certificate of Deposit Calculator Congress! Who Traded What During the Tariff-Induced Meltdown 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.
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