Monument Capital Management Has $8.61 Million Stake in Apple Inc. (NASDAQ:AAPL)

Monument Capital Management raised its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,393 shares of the iPhone maker's stock after purchasing an additional 3,437 shares during the period. Apple accounts for approximately 2.4% of Monument Capital Management's holdings, making the stock its 5th biggest holding. Monument Capital Management's holdings in Apple were worth $8,613,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB increased its holdings in shares of Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Latitude Advisors LLC increased its stake in Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker's stock worth $4,016,000 after purchasing an additional 50 shares in the last quarter. Jackson Wealth Management LLC increased its stake in Apple by 80.1% during the 3rd quarter. Jackson Wealth Management LLC now owns 197,641 shares of the iPhone maker's stock worth $46,050,000 after purchasing an additional 87,887 shares in the last quarter. Mason & Associates Inc raised its holdings in Apple by 0.3% during the 3rd quarter. Mason & Associates Inc now owns 33,644 shares of the iPhone maker's stock worth $7,839,000 after buying an additional 88 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Apple by 4.3% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 13,223 shares of the iPhone maker's stock valued at $3,081,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction 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 approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock worth $40,818,720 over the last three months. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. The Goldman Sachs Group dropped their price objective on shares of Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a report on Wednesday. DA Davidson dropped their price target on Apple from $290.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Apple in a research report on Monday, April 14th. Argus raised Apple to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised 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 given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $233.88.

Apple Price Performance

NASDAQ AAPL traded up $2.87 during midday trading on Thursday, hitting $207.47. The company had a trading volume of 24,372,930 shares, compared to its average volume of 56,694,602. The firm has a 50-day moving average price of $217.14 and a 200-day moving average price of $229.52. The company has a market capitalization of $3.12 trillion, a PE ratio of 32.96, a P/E/G ratio of 2.44 and a beta of 1.26. 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 twelve month low of $166.21 and a twelve month high of $260.10.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. 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 0.48%. Apple's dividend payout ratio (DPR) is 15.87%.

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.