18,631 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,631 shares of the iPhone maker's stock, valued at approximately $4,666,000. Apple makes up 4.1% of Panoramic Capital Partners LLC's portfolio, making the stock its 7th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Drystone LLC bought a new stake in shares of Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction 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 approximately $40,072,269.86. This trade represents a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction that occurred 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 directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by company insiders.

Apple Stock Up 1.0 %

NASDAQ:AAPL traded up $1.95 on Thursday, hitting $196.22. The stock had a trading volume of 10,618,518 shares, compared to its average volume of 56,637,330. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm's fifty day simple moving average is $220.98 and its two-hundred day simple moving average is $230.53. The stock has a market cap of $2.95 trillion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%. Analysts predict 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. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Maxim Group upped their target price on Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Raymond James upped their price objective on Apple to $250.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price objective for the company. in a report on Tuesday, January 21st. Tigress Financial boosted their target price on shares of Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and an average target price of $235.85.

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.