24,058 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Centerpoint Advisory Group

Centerpoint Advisory Group bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,058 shares of the iPhone maker's stock, valued at approximately $6,025,000. Apple comprises 5.8% of Centerpoint Advisory Group's holdings, making the stock its biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Apple by 20,372.7% in the 3rd 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 during the last quarter. State Street Corp lifted its stake in Apple by 10.6% during the third 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. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. FMR LLC grew its position 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 during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of 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 valued at $2,411,260,000 after buying an additional 9,590,933 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value 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 trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock worth $40,818,720 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

AAPL stock traded up $1.05 during midday trading on Thursday, hitting $205.65. The stock had a trading volume of 8,306,687 shares, compared to its average volume of 56,633,127. 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 $217.14 and a 200 day simple moving average of $229.52. Apple Inc. has a 52 week low of $166.21 and a 52 week high of $260.10. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 32.69, 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 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 research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. TD Cowen reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Tigress Financial increased their price objective on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, April 3rd. Loop Capital cut Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating and reduced their price target for the stock from $202.33 to $167.88 in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $233.88.

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.