Apple Inc. (NASDAQ:AAPL) Position Lifted by James J. Burns & Company LLC

James J. Burns & Company LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,122 shares of the iPhone maker's stock after purchasing an additional 1,283 shares during the period. Apple accounts for about 5.1% of James J. Burns & Company LLC's portfolio, making the stock its 4th biggest position. James J. Burns & Company LLC's holdings in Apple were worth $29,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Drystone LLC purchased a new position in shares of Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the third 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 last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the third quarter valued at approximately $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 stake in shares of Apple in the third quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $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. In the last ninety days, insiders sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is owned by insiders.

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Apple Price Performance

Shares of NASDAQ:AAPL traded down $6.92 during midday trading on Monday, reaching $181.46. 160,161,424 shares of the company's stock traded hands, compared to its average volume of 55,782,650. The company has a market cap of $2.73 trillion, a P/E ratio of 28.80, a PEG ratio of 2.44 and a beta of 1.26. The company has a fifty day simple moving average of $228.49 and a two-hundred day simple moving average of $232.82. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AAPL shares. Needham & Company LLC restated a "buy" rating and set a $260.00 price objective on shares of Apple in a report on Friday. Raymond James boosted their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research note on Friday. Argus raised shares of Apple to a "strong-buy" rating in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Finally, Wedbush dropped their target price on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $243.05.

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.