O Brien Wealth Partners LLC raised its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,038 shares of the iPhone maker's stock after buying an additional 24,647 shares during the quarter. Apple accounts for approximately 2.8% of O Brien Wealth Partners LLC's holdings, making the stock its 14th biggest holding. O Brien Wealth Partners LLC's holdings in Apple were worth $15,285,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in Apple by 10.6% during the 3rd 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. FMR LLC increased its stake in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the period. Geode Capital Management LLC raised its holdings in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Stock Performance
Apple stock traded up $9.45 during mid-day trading on Monday, hitting $207.60. The company had a trading volume of 24,563,649 shares, compared to its average volume of 56,672,424. 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 company's fifty day moving average is $222.87 and its 200-day moving average is $231.16. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a market capitalization of $3.12 trillion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 2.44 and a beta of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date 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 presently 15.87%.
Insider Activity at Apple
In related news, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm'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 transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Evercore ISI increased their price target on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. DA Davidson set a $290.00 price target on shares of Apple in a research report on Friday, January 31st. Loop Capital cut shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Finally, Barclays raised their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $238.50.
View Our Latest Stock Analysis on Apple
About Apple
(
Free Report)
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.
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