4 days Ago By Defense World Staff
Sage Private Wealth Group LLC cut its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 13,040 shares of the iPhone maker’s stock after selling 88 shares during the period. Apple accounts for approximately 2.5% of Sage Private Wealth Group LLC’s portfolio, making the stock its 8th largest position.
Sage Private Wealth Group LLC’s holdings in Apple were worth $3,266,000 at the end of the most recent reporting period. Several other institutional investors have also recently made changes to their positions in AAPL. Drystone LLC purchased a new position in Apple during the fourth quarter valued at $25,000.
Bull Oak Capital LLC lifted 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 acquiring an additional 111 shares during the period.
SPX Gestao de Recursos Ltda bought a new stake in Apple during the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple during the third quarter valued at approximately $110,000.
Institutional investors own 67.73% of the company’s stock. Insider Activity at AppleIn related news, CEO Timothy D.
Cook sold 108,136 shares of the stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this link.
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 value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares in the company, 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 ninety days, insiders sold 182,451 shares of company stock valued at $40,818,720. Corporate insiders own 0.
06% of the company’s stock. Apple Price PerformanceNASDAQ:AAPL opened at $202.14 on Wednesday.
The business’s 50-day simple moving average is $221.65 and its two-hundred day simple moving average 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 cap 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 quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.
26. Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.
40 earnings per share (EPS) 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, analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share.
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 15.87%.
Analysts Set New Price TargetsA number of equities research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Apple from $260.00 to $275.
00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Citigroup dropped their price objective on Apple from $275.00 to $245.
00 and set a “buy” rating on the stock in a research report on Monday. Tigress Financial boosted their target price on Apple from $295.00 to $300.
00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a report on Monday.
Finally, Wedbush decreased their price objective on shares of Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, April 7th.
Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.
85.View Our Latest Report on AppleAbout 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.
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(NASDAQ:AAPL – Free Report)..
