CGN Advisors LLC Increases Stock Position in Apple Inc. (NASDAQ:AAPL)

CGN Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,021 shares of the iPhone maker's stock after buying an additional 4,161 shares during the period. Apple comprises approximately 1.6% of CGN Advisors LLC's portfolio, making the stock its 14th largest position. CGN Advisors LLC's holdings in Apple were worth $16,032,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AAPL. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% in 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 acquired a new position in shares of Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Moffett Nathanson restated a "sell" rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Needham & Company LLC reiterated a "buy" rating and set a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, Raymond James boosted their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.88.

Apple Trading Down 0.1 %

Shares of AAPL traded down $0.19 during mid-day trading on Wednesday, reaching $235.74. The company's stock had a trading volume of 47,184,984 shares, compared to its average volume of 53,560,264. The stock has a market cap of $3.54 trillion, a PE ratio of 37.42, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company's fifty day moving average price is $238.81 and its two-hundred day moving average price is $233.92.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple's dividend payout ratio is currently 15.87%.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by company insiders.

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.