Stanich Group LLC Buys Shares of 6,696 Apple Inc. (NASDAQ:AAPL)

Stanich Group LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 6,696 shares of the iPhone maker's stock, valued at approximately $1,677,000. Apple accounts for about 1.3% of Stanich Group LLC's investment portfolio, making the stock its 13th biggest holding.

A number of other large investors have also bought and sold shares of AAPL. AMF Tjanstepension AB lifted its position in Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock valued at $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Latitude Advisors LLC increased its holdings 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 raised its stake in shares of Apple by 80.1% in the 3rd quarter. Jackson Wealth Management LLC now owns 197,641 shares of the iPhone maker's stock valued at $46,050,000 after purchasing an additional 87,887 shares during the period. Mason & Associates Inc lifted its holdings in shares of Apple by 0.3% in the third quarter. Mason & Associates Inc now owns 33,644 shares of the iPhone maker's stock valued at $7,839,000 after purchasing an additional 88 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Apple by 4.3% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 13,223 shares of the iPhone maker's stock worth $3,081,000 after buying an additional 547 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

AAPL traded up $2.87 during trading on Thursday, hitting $207.47. 24,372,930 shares of the stock traded hands, compared to its average volume of 56,694,602. The business 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 cap of $3.12 trillion, a price-to-earnings ratio of 32.96, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a twelve month low of $166.21 and a twelve month high of $260.10. 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 (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business 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. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is 15.87%.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now 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. Insiders have sold 182,451 shares of company stock worth $40,818,720 over the last quarter. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Loop Capital cut Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Moffett Nathanson reissued a "sell" rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Bank of America decreased their target price on shares of Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday. Sanford C. Bernstein increased their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Evercore ISI lifted their target price on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, March 18th. Two 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 company presently has an average rating of "Moderate Buy" and an average price target of $233.88.

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.