4 days Ago By Defense World Staff
FMB Wealth Management trimmed its position in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 18,574 shares of the iPhone maker’s stock after selling 717 shares during the quarter. Apple makes up 2.6% of FMB Wealth Management’s portfolio, making the stock its 9th biggest holding.
FMB Wealth Management’s holdings in Apple were worth $4,651,000 at the end of the most recent quarter. Several other large investors also recently bought and sold shares of AAPL. AMF Tjanstepension AB raised its stake in Apple by 21.
1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Latitude Advisors LLC grew its holdings in shares of Apple by 0.
3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after buying an additional 50 shares in the last quarter. 1858 Wealth Management LLC raised its position in shares of Apple by 5.
9% in the third quarter. 1858 Wealth Management LLC now owns 33,116 shares of the iPhone maker’s stock valued at $7,716,000 after buying an additional 1,846 shares during the last quarter. Berry Wealth Group LP lifted its stake in shares of Apple by 1.
5% during the third quarter. Berry Wealth Group LP now owns 40,903 shares of the iPhone maker’s stock valued at $9,530,000 after buying an additional 597 shares during the period. Finally, Little House Capital LLC boosted its position in Apple by 14.
2% during the third quarter. Little House Capital LLC now owns 105,070 shares of the iPhone maker’s stock worth $24,481,000 after acquiring an additional 13,055 shares during the last quarter. Institutional investors and hedge funds own 67.
73% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts have weighed in on AAPL shares. Rosenblatt Securities reissued a “buy” rating and set a $263.
00 price target on shares of Apple in a research note on Thursday, April 3rd. Barclays lifted their price target on Apple from $183.00 to $197.
00 and gave the company an “underweight” rating in a report on Friday, January 31st. DA Davidson cut their price objective on shares of Apple from $290.00 to $230.
00 and set a “buy” rating on the stock in a report on Monday. Maxim Group boosted their target price on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st.
Finally, Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and cut their price target for the stock from $202.33 to $167.88 in a research note on Wednesday, April 9th.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.
Insiders Place Their Bets In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.
59. This trade represents a 8.34 % decrease in their position.
The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd.
The stock was sold at an average price of $223.65, for a total value of $24,184,616.40.
Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.
19 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 in the last ninety days.
Corporate insiders own 0.06% of the company’s stock. Apple Trading Down 0.
2 % NASDAQ:AAPL opened at $202.14 on Wednesday. The stock has a market cap of $3.
04 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.
26. Apple Inc. has a one year low of $164.
08 and a one year high of $260.10. 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 business’s 50-day simple moving average is $221.65 and its 200 day simple moving average is $230.79.
Apple ( NASDAQ:AAPL – Get Free Report ) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Apple Inc.
will post 7.28 earnings per share for the current fiscal year. Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th.
This represents a $1.00 dividend on an annualized basis and a yield of 0.49%.
Apple’s dividend payout ratio (DPR) is 15.87%. 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. Featured Articles Five stocks we like better than Apple What is a Stock Market Index and How Do You Use Them? Beware of BigBear.ai: Insiders Are Selling—Should You? Learn Technical Analysis Skills to Master the Stock Market CrowdStrike Stock is a Buy as Cyberthreat Environment Expands Using the MarketBeat Dividend Yield Calculator Congress! Who Traded What During the Tariff-Induced Meltdown 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 ). 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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