4 days Ago By ABMN Staff
Louisiana State Employees Retirement System cut its holdings in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 1,261,600 shares of the iPhone maker’s stock after selling 43,400 shares during the quarter. Apple makes up about 5.9% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its largest position.
Louisiana State Employees Retirement System’s holdings in Apple were worth $315,930,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB raised its stake in Apple by 21.
1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares during the last quarter. Latitude Advisors LLC increased its holdings in shares of Apple by 0.
3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after purchasing an additional 50 shares during the period. 1858 Wealth Management LLC raised its stake in shares of Apple by 5.
9% in the third quarter. 1858 Wealth Management LLC now owns 33,116 shares of the iPhone maker’s stock worth $7,716,000 after purchasing an additional 1,846 shares during the last quarter. Berry Wealth Group LP boosted its position in Apple by 1.
5% in the third quarter. Berry Wealth Group LP now owns 40,903 shares of the iPhone maker’s stock valued at $9,530,000 after buying an additional 597 shares during the last quarter. Finally, Little House Capital LLC increased its holdings in Apple by 14.
2% in the 3rd quarter. Little House Capital LLC now owns 105,070 shares of the iPhone maker’s stock worth $24,481,000 after buying an additional 13,055 shares during the period. 67.
73% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several research analysts recently issued reports on the stock. Tigress Financial raised their target price on shares of Apple from $295.
00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. Moffett Nathanson reiterated a “sell” rating and set a $188.
00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Monness Crespi & Hardt boosted their price objective on Apple to $245.
00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Raymond James raised their target price on Apple to $250.00 and gave the stock a “buy” rating in a report on Friday, April 4th.
Finally, Evercore ISI boosted their price target on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th.
Two research 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.
85. Insider Buying and Selling at Apple In other news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd.
The stock was 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 $87,377,116.59. The trade was a 8.
34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website . Also, CEO Timothy D.
Cook sold 108,136 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.
40. Following the transaction, the chief executive officer now directly 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 three months, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by corporate insiders.
Apple Stock Performance NASDAQ AAPL opened at $202.14 on Wednesday. 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 business’s 50 day moving average is $221.65 and its two-hundred day moving average is $230.
79. Apple Inc. has a 12-month low of $164.
08 and a 12-month high of $260.10. 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 released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Research analysts expect that Apple Inc.
will post 7.28 EPS for the current year. Apple Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th.
Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th.
This represents a $1.00 dividend on an annualized basis and a yield of 0.49%.
Apple’s payout ratio is 15.87%. 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. Recommended Stories 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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