Persium Advisors LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,972 shares of the iPhone maker's stock, valued at approximately $1,245,000. Apple comprises approximately 1.2% of Persium Advisors LLC's holdings, making the stock its 6th biggest position.
A number of other hedge funds have also recently made changes to their positions in the business. Counterweight Ventures LLC boosted its holdings in Apple by 2.3% during the second quarter. Counterweight Ventures LLC now owns 30,531 shares of the iPhone maker's stock worth $6,430,000 after purchasing an additional 672 shares during the last quarter. Kerusso Capital Management LLC purchased a new position in Apple during the second quarter worth about $3,907,000. Financial Gravity Asset Management Inc. boosted its holdings in Apple by 27.4% during the second quarter. Financial Gravity Asset Management Inc. now owns 16,991 shares of the iPhone maker's stock worth $3,578,000 after purchasing an additional 3,658 shares during the last quarter. Lynch & Associates IN boosted its holdings in Apple by 3.1% during the second quarter. Lynch & Associates IN now owns 47,860 shares of the iPhone maker's stock worth $10,080,000 after purchasing an additional 1,442 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in Apple by 41.5% during the second quarter. Caprock Group LLC now owns 424,428 shares of the iPhone maker's stock worth $89,393,000 after purchasing an additional 124,488 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other 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 sale, the chief operating officer now owns 389,944 shares of the company's stock, 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 is accessible through this link. Corporate insiders own 0.06% of the company's stock.
Analysts Set New Price Targets
AAPL has been the topic of several analyst reports. Barclays boosted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Maxim Group boosted their target price on shares of Apple to $215.00 and gave the company a "hold" rating in a research note on Friday. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research note on Wednesday. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a research note on Wednesday. Finally, Sanford C. Bernstein boosted their target price on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Four investment 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $244.85.
Check Out Our Latest Research Report on Apple
Apple Price Performance
AAPL stock traded down $0.28 during midday trading on Friday, reaching $245.55. The company had a trading volume of 53,102,300 shares, compared to its average volume of 49,742,392. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a market capitalization of $3.69 trillion, a P/E ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20. The firm has a 50-day moving average price of $240.47 and a 200-day moving average price of $232.55.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 0.41%. Apple's dividend payout ratio is presently 15.87%.
Apple Company Profile
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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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