NovaPoint Capital LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 8.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 46,608 shares of the iPhone maker’s stock after purchasing an additional 3,824 shares during the period. Apple comprises approximately 3.2% of NovaPoint Capital LLC’s investment portfolio, making the stock its 3rd largest position. NovaPoint Capital LLC’s holdings in Apple were worth $6,184,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its stake in Apple by 5.0% in the fourth quarter. Park Avenue Securities LLC now owns 217,274 shares of the iPhone maker’s stock worth $28,830,000 after buying an additional 10,394 shares in the last quarter. OPSEU Pension Plan Trust Fund boosted its stake in shares of Apple by 287.8% during the third quarter. OPSEU Pension Plan Trust Fund now owns 18,697 shares of the iPhone maker’s stock valued at $2,180,000 after purchasing an additional 13,876 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Apple by 2.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 415,669 shares of the iPhone maker’s stock valued at $55,155,000 after purchasing an additional 11,807 shares during the period. Formidable Asset Management LLC boosted its stake in shares of Apple by 303.6% during the third quarter. Formidable Asset Management LLC now owns 293,822 shares of the iPhone maker’s stock valued at $33,268,000 after purchasing an additional 221,026 shares during the period. Finally, Morse Asset Management Inc boosted its stake in shares of Apple by 297.6% during the third quarter. Morse Asset Management Inc now owns 90,214 shares of the iPhone maker’s stock valued at $10,448,000 after purchasing an additional 67,522 shares during the period. 57.77% of the stock is owned by institutional investors and hedge funds.
In other news, COO Jeffrey E. Williams sold 133,867 shares of Apple stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $125.74, for a total transaction of $16,832,436.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.
Apple stock opened at $127.90 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. Apple Inc. has a one year low of $65.31 and a one year high of $145.09. The stock has a market capitalization of $2.15 trillion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28. The business’s fifty day moving average is $123.20 and its 200 day moving average is $123.53.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, beating the consensus estimate of $1.41 by $0.27. The company had revenue of $111.40 billion for the quarter, compared to analysts’ expectations of $103.24 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. Apple’s revenue was up 21.4% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 4.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.64%. Apple’s payout ratio is currently 25.00%.
A number of analysts have recently weighed in on AAPL shares. Raymond James increased their price objective on Apple from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 25th. Wells Fargo & Company increased their price objective on Apple from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, January 28th. Credit Suisse Group upped their target price on Apple from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, January 28th. They noted that the move was a valuation call. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, March 16th. Finally, Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating and set a $128.00 target price for the company. in a report on Tuesday, March 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $135.03.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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