4 days Ago By ABMN Staff
Marks Group Wealth Management Inc trimmed its holdings in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 0.8% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 102,512 shares of the iPhone maker’s stock after selling 813 shares during the period. Apple makes up about 2.5% of Marks Group Wealth Management Inc’s holdings, making the stock its 2nd largest holding.
Marks Group Wealth Management Inc’s holdings in Apple were worth $25,671,000 at the end of the most recent reporting period. Several other hedge funds also recently modified their holdings of AAPL. International Assets Investment Management LLC increased its position in Apple by 20,372.
7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. State Street Corp boosted its stake in shares of Apple by 10.
6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. Geode Capital Management LLC increased its holdings in shares of Apple by 6.
5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares during the last quarter. FMR LLC raised its stake in Apple by 5.
3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in Apple by 25,285.
2% during the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock valued at $2,411,260,000 after purchasing an additional 9,590,933 shares during the last quarter. Institutional investors own 67.
73% of the company’s stock. Apple Trading Down 0.2 % AAPL stock opened at $202.
14 on Wednesday. Apple Inc. has a 12 month low of $164.
08 and a 12 month high of $260.10. The firm’s 50-day moving average is $221.
65 and its 200 day moving average is $230.79. The company has a market capitalization of $3.
04 trillion, a PE ratio of 32.09, a P/E/G 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 Announces Dividend The business also recently declared 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 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 dividend payout ratio is presently 15.87%. Analysts Set New Price Targets A number of equities research analysts have recently issued reports on the company.
Bank of America reduced their price objective on Apple from $265.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 3rd.
Wedbush reduced their price target on Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, April 7th.
Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Rosenblatt Securities reissued a “buy” rating and set a $263.00 target price on shares of Apple in a report on Thursday, April 3rd.
Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $235.
85. Get Our Latest Stock Report on Apple Insider Transactions at Apple In other news, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. This represents a 3.
19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, COO Jeffrey E.
Williams sold 35,493 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.
93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59.
This trade represents a 8.34 % 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 valued at $40,818,720. Corporate insiders own 0.06% of the company’s stock.
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. Further Reading 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.
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