Insight Advisors LLC PA Grows Position in Apple Inc. (NASDAQ:AAPL)

Insight Advisors LLC PA grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,853 shares of the iPhone maker’s stock after acquiring an additional 549 shares during the quarter. Apple accounts for 4.3% of Insight Advisors LLC PA’s portfolio, making the stock its 3rd biggest holding. Insight Advisors LLC PA’s holdings in Apple were worth $20,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in shares of Apple by 1.0% during the third 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 in the last quarter. Barclays PLC lifted its holdings in shares of Apple by 6.0% during the third 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 in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Apple by 4.6% during the third quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after purchasing an additional 1,696,576 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Apple by 1.7% during the third quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after purchasing an additional 287,329 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Apple by 7.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after purchasing an additional 1,018,430 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Shares of Apple stock opened at $169.89 on Friday. The stock has a 50 day moving average of $173.30 and a 200 day moving average of $181.85. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The firm has a market cap of $2.62 trillion, a PE ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Insider Activity at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AAPL. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Citigroup reiterated a “buy” rating and set a $225.00 price objective on shares of Apple in a research report on Friday, February 16th. Piper Sandler reduced their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Piper Sandler Companies cut Apple to a “neutral” rating and reduced their price objective for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.05.

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.