Capital Performance Advisors LLP Acquires 2,453 Shares of Apple Inc. (NASDAQ:AAPL)

Capital Performance Advisors LLP grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,478 shares of the iPhone maker's stock after acquiring an additional 2,453 shares during the quarter. Apple comprises about 5.5% of Capital Performance Advisors LLP's investment portfolio, making the stock its 5th largest holding. Capital Performance Advisors LLP's holdings in Apple were worth $17,148,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of Apple by 10.1% during the 4th quarter. Baillie Gifford & Co. now owns 820,871 shares of the iPhone maker's stock worth $205,563,000 after buying an additional 75,166 shares in the last quarter. Pure Portfolios Holdings LLC raised its holdings in Apple by 3.0% during the fourth quarter. Pure Portfolios Holdings LLC now owns 28,266 shares of the iPhone maker's stock worth $7,078,000 after purchasing an additional 835 shares in the last quarter. Hoge Financial Services LLC raised its holdings in Apple by 9.8% during the fourth quarter. Hoge Financial Services LLC now owns 5,450 shares of the iPhone maker's stock worth $1,365,000 after purchasing an additional 487 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Apple in the fourth quarter worth approximately $2,469,000. Finally, WBH Advisory Inc. boosted its stake in Apple by 2.1% during the 4th quarter. WBH Advisory Inc. now owns 76,594 shares of the iPhone maker's stock valued at $19,181,000 after purchasing an additional 1,555 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

AAPL traded down $0.05 during midday trading on Friday, reaching $208.32. The company's stock had a trading volume of 24,722,624 shares, compared to its average volume of 56,689,747. Apple Inc. has a twelve month low of $168.15 and a twelve month 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 market cap of $3.13 trillion, a P/E ratio of 33.04, a PEG ratio of 2.44 and a beta of 1.26. The company has a fifty day simple moving average of $216.41 and a 200 day simple moving average of $229.42.

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, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 0.48%. Apple's dividend payout ratio is 15.87%.

Insiders Place Their Bets

In other Apple news, 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81 % 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 currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Tigress Financial upped their price objective on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. DA Davidson reduced their price objective on shares of Apple from $290.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group upgraded shares of Apple from an "underperform" rating to a "hold" rating and dropped their target price for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Finally, Citigroup decreased their price target on shares of Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $233.88.

Apple 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.