4 days Ago By Defense World Staff
Allspring Global Investments Holdings LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 4,609,994 shares of the iPhone maker’s stock after selling 10,058 shares during the quarter. Apple makes up 1.8% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 3rd biggest position.
Allspring Global Investments Holdings LLC’s holdings in Apple were worth $1,125,222,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Davidson Capital Management Inc.
lifted its stake in Apple by 4.5% during the fourth quarter. Davidson Capital Management Inc.
now owns 14,920 shares of the iPhone maker’s stock worth $3,736,000 after purchasing an additional 645 shares during the last quarter. Jmac Enterprises LLC lifted its position in shares of Apple by 0.3% in the 4th quarter.
Jmac Enterprises LLC now owns 42,398 shares of the iPhone maker’s stock worth $10,617,000 after buying an additional 142 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its position in shares of Apple by 0.4% in the 4th quarter.
Avidian Wealth Enterprises LLC now owns 179,572 shares of the iPhone maker’s stock worth $44,968,000 after buying an additional 642 shares during the last quarter. Kentucky Trust Co acquired a new position in shares of Apple in the 4th quarter valued at about $7,688,000. Finally, Gladstone Institutional Advisory LLC grew its position in shares of Apple by 4.
9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 250,566 shares of the iPhone maker’s stock valued at $62,747,000 after buying an additional 11,661 shares during the last quarter. Hedge funds and other institutional investors own 67.
73% of the company’s stock. Insider Buying and Selling at AppleIn related news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd.
The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40.
Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This trade represents a 3.
19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L.
Adams sold 38,822 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.
74. Following the completion of the sale, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86.
This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last ninety days, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by corporate insiders.
Analysts Set New Price TargetsSeveral analysts recently issued reports on the company. Morgan Stanley cut their price target on Apple from $252.00 to $220.
00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. 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. Moffett Nathanson restated a “sell” rating and set a $188.00 price target (down previously from $202.
00) on shares of Apple in a research report on Tuesday, January 7th. 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 research report on Monday. Finally, Bank of America decreased their target price on shares of Apple from $265.00 to $250.
00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $235.
85.Get Our Latest Analysis on AAPLApple Stock PerformanceShares of NASDAQ AAPL opened at $202.14 on Wednesday.
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 Inc.
has a one year low of $164.08 and a one year high of $260.10.
The business has a fifty day simple moving average of $221.65 and a 200 day simple moving average of $230.79.
The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.
26. Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%.
Sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces DividendThe firm also recently declared 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.
This represents a $1.00 dividend on an annualized basis and a yield of 0.49%.
The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio 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.Further ReadingFive stocks we like better than AppleWhat is diluted earnings per share (Diluted EPS)?Beware of BigBear.
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