4 days Ago By ABMN Staff
FMB Wealth Management decreased its stake in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 18,574 shares of the iPhone maker’s stock after selling 717 shares during the period. Apple accounts for 2.6% of FMB Wealth Management’s portfolio, making the stock its 9th largest position.
FMB Wealth Management’s holdings in Apple were worth $4,651,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in Apple in the fourth quarter worth approximately $25,000.
Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter.
SPX Gestao de Recursos Ltda purchased a new stake in Apple in the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth $110,000.
Institutional investors and hedge funds own 67.73% of the company’s stock. Wall Street Analysts Forecast Growth AAPL has been the topic of a number of recent analyst reports.
Sanford C. Bernstein lifted their price objective on Apple from $240.00 to $260.
00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Wedbush dropped their price objective on Apple from $325.
00 to $250.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Morgan Stanley cut their price target on shares of Apple from $252.
00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Raymond James lifted their price target on shares of Apple to $250.
00 and gave the company a “buy” rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.
85. Apple Stock Down 0.2 % Apple stock opened at $202.
14 on Wednesday. The business has a fifty day moving average price of $221.65 and a 200-day moving average price of $230.
79. Apple Inc. has a 1-year low of $164.
08 and a 1-year high of $260.10. The stock 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. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.
92 and a quick ratio of 0.88. Apple ( NASDAQ:AAPL – Get Free Report ) last posted its quarterly earnings data on Thursday, January 30th.
The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.
04. Apple had a net margin of 24.30% and a return on equity of 160.
83%. Equities research analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.
25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.
00 dividend on an annualized basis and a dividend yield of 0.49%. Apple’s payout ratio is currently 15.
87%. Insider Transactions at Apple In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business’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 transaction 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. The trade was a 17.
81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, COO Jeffrey E.
Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.
93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, 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 .
Insiders have sold 182,451 shares of company stock worth $40,818,720 over the last quarter. 0.06% of the stock is currently owned by 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. Featured Articles 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.
com's FREE daily email newsletter ..
