Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 847,414 shares of the iPhone maker's stock after buying an additional 38,519 shares during the period. Apple makes up approximately 4.0% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 3rd largest holding. Citizens Financial Group Inc. RI's holdings in Apple were worth $197,447,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new stake in Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the period. ARK Investment Management LLC purchased a new position in Apple in the third quarter valued at $110,000. Finally, Cordant Inc. raised its position in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. TD Cowen reaffirmed a "buy" rating on shares of Apple in a report on Tuesday. Oppenheimer downgraded shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Loop Capital cut Apple from a "buy" rating to a "hold" rating and set a $230.00 price objective on the stock. in a report on Tuesday, January 21st. Finally, Raymond James increased their target price on Apple to $250.00 and gave the company a "buy" rating in a report on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $238.05.

Apple Trading Down 0.7 %

Shares of NASDAQ AAPL traded down $1.74 during trading on Thursday, reaching $237.62. The stock had a trading volume of 32,786,231 shares, compared to its average volume of 56,478,961. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.57 trillion, a P/E ratio of 39.08, a PEG ratio of 2.19 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The business's 50-day moving average price is $241.37 and its 200-day moving average price is $230.81.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

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.