4 days Ago By Defense World Staff
Avidian Wealth Enterprises LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 179,572 shares of the iPhone maker’s stock after buying an additional 642 shares during the period. Apple accounts for approximately 2.0% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 12th biggest position.
Avidian Wealth Enterprises LLC’s holdings in Apple were worth $44,968,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. O Connor Financial Group LLC grew its position in shares of Apple by 1.
2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc.
boosted its stake in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc.
now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after buying an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in Apple by 1.3% during the 3rd quarter.
Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after buying an additional 46 shares in the last quarter. Menard Financial Group LLC increased its stake in Apple by 0.4% in the 3rd quarter.
Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after acquiring an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in shares of Apple by 1.
3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after acquiring an additional 48 shares in the last quarter.
67.73% of the stock is owned by hedge funds and other institutional investors. Apple Price PerformanceNASDAQ AAPL opened at $202.
14 on Wednesday. The company has a market cap of $3.04 trillion, a PE ratio of 32.
09, a P/E/G ratio of 2.44 and a beta of 1.26.
The firm’s 50 day moving average price is $221.65 and its 200-day moving average price is $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. Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly 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%. Sell-side analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.
87%. Insider ActivityIn other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.
81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D.
Cook sold 108,136 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75.
The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here.
In the last ninety days, insiders have sold 182,451 shares of company stock worth $40,818,720. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh InSeveral equities research analysts recently weighed in on the stock. Maxim Group boosted their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st.
Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and reduced their target price for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th.
UBS Group lifted their price target on Apple to $236.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley reduced their price objective on Apple from $252.
00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Tigress Financial raised their price objective on Apple from $295.
00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 3rd. Two equities research 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 given a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $235.85.
Check Out Our Latest Research Report 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.Featured ArticlesFive stocks we like better than AppleInvesting in Construction StocksBeware of BigBear.
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