Apple Inc. (NASDAQ:AAPL) Stock Position Raised by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,811 shares of the iPhone maker’s stock after buying an additional 258 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Apple were worth $926,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Apple during the 4th quarter valued at about $560,388,000. Hudson Bay Capital Management LP acquired a new position in Apple during the 3rd quarter valued at about $487,435,000. Barclays PLC boosted its stake in Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after purchasing an additional 2,826,709 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Apple during the 3rd quarter valued at about $461,021,000. Finally, Morgan Stanley boosted its stake in Apple by 1.0% during the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 1.3 %

Apple stock opened at $169.02 on Thursday. The firm has a market cap of $2.61 trillion, a PE ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm’s 50 day moving average price is $173.58 and its two-hundred day moving average price is $181.94. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 EPS. On average, research analysts predict that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. The Goldman Sachs Group upped their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Piper Sandler reduced their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Finally, Barclays reaffirmed an “underweight” rating and issued a $158.00 price target on shares of Apple in a research note on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.