Gilfoyle & Co LLC Raises Stake in Apple Inc. (NASDAQ:AAPL)

Gilfoyle & Co LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 168.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 268 shares of the iPhone maker’s stock after purchasing an additional 168 shares during the period. Apple comprises approximately 23.9% of Gilfoyle & Co LLC’s holdings, making the stock its 2nd biggest position. Gilfoyle & Co LLC’s holdings in Apple were worth $52,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AAPL. Wyrmwood Management LLC increased its holdings in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. PayPay Securities Corp increased its holdings in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after acquiring an additional 210 shares in the last quarter. Cordant Inc. increased its holdings in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after acquiring an additional 140 shares in the last quarter. Life Planning Partners Inc purchased a new stake in Apple in the 4th quarter worth approximately $132,000. Finally, Family CFO Inc increased its holdings in Apple by 6.7% in the 3rd quarter. Family CFO Inc now owns 950 shares of the iPhone maker’s stock worth $163,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AAPL. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Loop Capital cut their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued 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 target price of $202.62.

Apple Stock Down 0.6 %

NASDAQ:AAPL opened at $169.30 on Thursday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. The company has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. The stock has a fifty day simple moving average of $172.38 and a 200-day simple moving average of $181.63. 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 released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the company earned $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction dated Thursday, April 11th. The stock was 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 in the company, valued at $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction dated 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 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 ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by insiders.

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.