4 days Ago By ABMN Staff
Retirement Guys Formula LLC trimmed its stake in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 20,762 shares of the iPhone maker’s stock after selling 1,068 shares during the period. Apple accounts for 2.6% of Retirement Guys Formula LLC’s portfolio, making the stock its 6th largest position.
Retirement Guys Formula LLC’s holdings in Apple were worth $5,199,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also recently made changes to their positions in the stock. Drystone LLC purchased a new stake in shares of Apple during the 4th quarter valued at $25,000.
Bull Oak Capital LLC increased its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter.
SPX Gestao de Recursos Ltda acquired a new position in Apple during the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the third quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple in the third quarter worth about $110,000.
67.73% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several equities analysts recently commented on the stock.
The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. UBS Group raised their price target on shares of Apple to $236.00 and gave the stock a “buy” rating in a report on Monday.
DA Davidson dropped their price objective on shares of Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday.
Morgan Stanley cut their target price on Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th.
Finally, Maxim Group lifted their price target on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.85.
Apple Price Performance Shares of NASDAQ AAPL opened at $202.14 on Wednesday. The company has a debt-to-equity ratio of 1.
26, a quick ratio of 0.88 and a current ratio of 0.92.
The firm has a fifty day moving average of $221.65 and a 200 day moving average of $230.79.
The firm has a market cap of $3.04 trillion, a PE ratio of 32.09, a PEG ratio of 2.
44 and a beta of 1.26. Apple Inc.
has a one year low of $164.08 and a one year high of $260.10.
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, 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, research analysts predict that Apple Inc.
will post 7.28 EPS for the current fiscal year. Apple Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. 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 currently 15.87%. Insider Activity In other news, SVP Katherine L.
Adams sold 38,822 shares of the company’s stock in a transaction on 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 sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.
59. This represents a 8.34 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 over the last quarter. 0.
06% of the stock is currently owned by corporate insiders. 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. ( NASDAQ:AAPL – Free Report ).
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