4 days Ago By ABMN Staff
Jmac Enterprises LLC raised its holdings in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.3% during the fourth quarter, Holdings Channel reports.
The institutional investor owned 42,398 shares of the iPhone maker’s stock after buying an additional 142 shares during the quarter. Apple makes up about 1.7% of Jmac Enterprises LLC’s holdings, making the stock its 13th largest position.
Jmac Enterprises LLC’s holdings in Apple were worth $10,617,000 at the end of the most recent quarter. Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in Apple by 10.
6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares in the last quarter. FMR LLC raised its holdings in shares of Apple by 5.
3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Apple by 6.
5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc.
boosted its holdings in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc.
now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Apple by 20,372.7% in the 3rd quarter.
International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of research analysts have issued reports on the company. Sanford C. Bernstein upped their price objective on Apple from $240.
00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $225.
00 price target on shares of Apple in a research report on Monday. Barclays lifted their price objective on shares of Apple from $183.00 to $197.
00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Tigress Financial boosted their target price on shares of Apple from $295.00 to $300.
00 and gave the company a “strong-buy” rating in a research note on Thursday, April 3rd. Finally, UBS Group raised their price target on shares of Apple to $236.00 and gave the stock a “buy” rating in a research note on Monday.
Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $235.85.
Apple Trading Down 0.2 % Shares of NASDAQ AAPL opened at $202.14 on Wednesday.
The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.
26. The stock’s 50 day moving average price is $221.65 and its two-hundred day moving average price is $230.
79. Apple Inc. has a 52-week low of $164.
08 and a 52-week high of $260.10. The stock has a market capitalization of $3.
04 trillion, a P/E ratio of 32.09, a PEG ratio of 2.44 and a beta of 1.
26. Apple ( NASDAQ:AAPL – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.
40 EPS for the quarter, topping 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%.
On average, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued 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 payout ratio is currently 15.87%.
Insiders Place Their Bets In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.
75. This trade represents a 3.19 % decrease in their position.
The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, 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 completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. The trade was a 8.
34 % decrease in their position. The disclosure for this sale can be found here . Over the last three months, insiders have sold 182,451 shares of company stock worth $40,818,720.
0.06% of the stock is owned by corporate insiders. 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. See Also 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.
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