4 days Ago By Defense World Staff
Marks Group Wealth Management Inc trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 102,512 shares of the iPhone maker’s stock after selling 813 shares during the quarter. Apple comprises about 2.5% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 2nd biggest holding.
Marks Group Wealth Management Inc’s holdings in Apple were worth $25,671,000 at the end of the most recent quarter. A number of other large investors also recently bought and sold shares of AAPL. Amara Financial LLC.
bought a new position in Apple during the 3rd quarter valued at about $288,000. Sterling Investment Counsel LLC raised its holdings in shares of Apple by 3.8% during the third quarter.
Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in shares of Apple by 12.8% during the third quarter.
Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in Apple by 4.2% during the third quarter.
Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after purchasing an additional 3,935 shares during the period. Finally, Narwhal Capital Management boosted its holdings in Apple by 2.5% in the third quarter.
Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock worth $64,492,000 after purchasing an additional 6,711 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and SellingIn other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple 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 sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.
34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock worth $40,818,720 in the last 90 days.
0.06% of the stock is owned by company insiders. Apple Stock PerformanceAAPL opened at $202.
14 on Wednesday. The stock has a 50-day moving average of $221.65 and a 200-day moving average of $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.
The company has a market cap 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 (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th.
The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.
04. Apple had a return on equity of 160.83% and a net margin of 24.
30%. As a group, equities research analysts forecast that Apple Inc. will post 7.
28 earnings per share for the current fiscal year. Apple Announces DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.
25 dividend. The ex-dividend date 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 presently 15.
87%. Analysts Set New Price TargetsA number of analysts recently commented on AAPL shares. Raymond James upped their price objective on Apple to $250.
00 and gave the company a “buy” rating in a research report on Friday, April 4th. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company.
in a research report on Tuesday, January 21st. Tigress Financial raised their price objective 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. Barclays upped their target price on shares of Apple from $183.00 to $197.
00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, UBS Group lifted their price target on shares of Apple to $236.00 and gave the stock a “buy” rating in a research note on Monday.
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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $235.85.
Read Our Latest Analysis on AAPLApple 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.Further ReadingFive stocks we like better than AppleUptrend Stocks Explained: Learn How to Trade Using UptrendsBeware of BigBear.
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