Attessa Capital LLC Takes Position in Apple Inc. (NASDAQ:AAPL)

Attessa Capital LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,935 shares of the iPhone maker's stock, valued at approximately $985,000. Apple comprises about 0.7% of Attessa Capital LLC's portfolio, making the stock its 20th largest position.

A number of other hedge funds have also recently modified their holdings of AAPL. International Assets Investment Management LLC boosted its holdings in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. State Street Corp lifted its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC boosted its stake in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. FMR LLC raised its stake in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after buying an additional 18,224,005 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in Apple by 25,285.2% in the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock worth $2,411,260,000 after buying an additional 9,590,933 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wedbush reduced their price target on Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Jefferies Financial Group upgraded Apple from an "underperform" rating to a "hold" rating and decreased their price objective for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. DA Davidson dropped their target price on shares of Apple from $290.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $235.85.

Apple Stock Performance

Shares of Apple stock traded down $3.82 on Monday, hitting $193.16. 46,653,946 shares of the company's stock were exchanged, compared to its average volume of 56,785,313. Apple Inc. has a 1 year low of $164.77 and a 1 year high of $260.10. The company has a 50-day simple moving average of $218.77 and a 200-day simple moving average of $229.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $2.90 trillion, a PE ratio of 30.66, a PEG ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

Insider Buying and Selling

In other news, 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 value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business's 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 transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,451 shares of company stock valued at $40,818,720. Company insiders own 0.06% of the company's stock.

About Apple

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.