Pathway Financial Advisors LLC Buys 1,495 Shares of Apple Inc. (NASDAQ:AAPL)

Pathway Financial Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,051 shares of the iPhone maker's stock after purchasing an additional 1,495 shares during the quarter. Apple makes up about 1.3% of Pathway Financial Advisors LLC's investment portfolio, making the stock its 16th largest position. Pathway Financial Advisors LLC's holdings in Apple were worth $5,772,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Drystone LLC bought a new stake in Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after buying an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter valued at approximately $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the company'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 value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred 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 sale, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 in the last ninety days. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Maxim Group lifted their target price on Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Loop Capital cut 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. Bank of America cut their target price on shares of Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Finally, UBS Group cut their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $233.88.

Apple Trading Down 0.0 %

Shares of Apple stock traded down $0.03 during trading on Friday, reaching $208.34. 24,722,624 shares of the stock were exchanged, compared to its average volume of 56,689,747. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The stock's fifty day moving average is $216.41 and its 200 day moving average is $229.42. Apple Inc. has a 1 year low of $168.15 and a 1 year high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last released its 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%. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 annualized dividend and a dividend yield of 0.48%. Apple's payout ratio is 15.87%.

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.