Allworth Financial LP Raises Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Allworth Financial LP increased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,248,954 shares of the iPhone maker's stock after buying an additional 96,928 shares during the period. Apple comprises approximately 1.7% of Allworth Financial LP's holdings, making the stock its 10th biggest position. Allworth Financial LP's holdings in Apple were worth $312,763,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AAPL. State Street Corp lifted its position in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. FMR LLC raised its holdings in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Apple by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker's stock valued at $21,335,435,000 after acquiring an additional 1,742,087 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

AAPL stock traded down $1.17 during midday trading on Friday, hitting $207.20. The stock had a trading volume of 12,567,004 shares, compared to its average volume of 56,642,469. Apple Inc. has a 52 week low of $168.15 and a 52 week 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. The stock has a 50-day simple moving average of $216.41 and a 200 day simple moving average of $229.42. The firm has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data 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, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The 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 was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Apple's dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Moffett Nathanson reissued a "sell" rating and set a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Raymond James increased their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a report on Friday, April 4th. TD Cowen reiterated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. Finally, Evercore ISI lifted their price target on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $233.88.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple 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 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. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % 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 valued at $40,818,720 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Company Profile

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.