4 days Ago By Defense World Staff
GEM Asset Management LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 18,929 shares of the iPhone maker’s stock after selling 158 shares during the period. Apple makes up about 2.6% of GEM Asset Management LLC’s holdings, making the stock its 11th biggest position.
GEM Asset Management LLC’s holdings in Apple were worth $4,740,000 as of its most recent SEC filing. Several other institutional investors have also recently added to or reduced their stakes in the business. Jmac Enterprises LLC raised its position in shares of Apple by 0.
3% during the fourth quarter. Jmac Enterprises LLC now owns 42,398 shares of the iPhone maker’s stock worth $10,617,000 after purchasing an additional 142 shares during the period. Avidian Wealth Enterprises LLC increased its stake in Apple by 0.
4% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 179,572 shares of the iPhone maker’s stock valued at $44,968,000 after purchasing an additional 642 shares in the last quarter. Kentucky Trust Co acquired a new position in Apple during the fourth quarter worth $7,688,000.
Gladstone Institutional Advisory LLC raised its holdings in Apple by 4.9% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 250,566 shares of the iPhone maker’s stock worth $62,747,000 after buying an additional 11,661 shares during the last quarter.
Finally, TFB Advisors LLC lifted its stake in shares of Apple by 0.5% in the fourth quarter. TFB Advisors LLC now owns 29,388 shares of the iPhone maker’s stock valued at $7,359,000 after buying an additional 136 shares in the last quarter.
67.73% of the stock is owned by institutional investors and hedge funds. Apple Price PerformanceShares of NASDAQ AAPL opened at $202.
14 on Wednesday. The stock’s 50-day simple moving average is $221.65 and its 200-day simple moving average is $230.
79. The firm has a market capitalization of $3.04 trillion, a PE ratio of 32.
09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.
Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week 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. 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, topping 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%. As a group, equities research analysts forecast that Apple Inc. will post 7.
28 EPS for the current fiscal year. Apple Announces DividendThe 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. This represents a $1.00 annualized dividend and a yield of 0.
49%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.
87%. Analyst Ratings ChangesSeveral research firms have recently commented on AAPL. JPMorgan Chase & Co.
decreased their target price on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday.
Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th.
Citigroup dropped their target price on Apple from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Monday.
KeyCorp upgraded Apple from an “underweight” rating to a “sector weight” rating in a report on Monday. Finally, Rosenblatt Securities restated a “buy” rating and set a $263.00 price objective on shares of Apple in a research note on Thursday, April 3rd.
Two equities research analysts have rated the stock with a sell rating, ten have issued 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.85.
View Our Latest Research Report on AAPLInsiders Place Their BetsIn related news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.
67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.
86. This represents a 17.81 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd.
The shares were sold at an average price of $223.65, for a total value of $24,184,616.40.
Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.
19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock valued at $40,818,720.
0.06% of the stock is owned by company insiders. Apple 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.See AlsoFive stocks we like better than AppleAbout the Markup CalculatorBeware of BigBear.ai: Insiders Are Selling—Should You?How to Short Nasdaq: An Easy-to-Follow GuideCrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsElection Stocks: How Elections Affect the Stock MarketCongress! Who Traded What During the Tariff-Induced Meltdown.
