NEW Advisory Services LLC increased its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 23.4% in the 3rd quarter, according to the company’s most recent 13F filing with the SEC. The institutional investor now owns 65,745 shares of the iPhone maker’s stock after purchasing an additional 12,471 shares during the quarter. Apple owns approximately 1.6% of NEW Advisory Services LLC, making it the company’s 17th largest holding. NEW Advisory Services LLC’s Apple holdings were worth $11,257,000 at the end of the most recent reporting period.
Several other hedge funds also changed their positions in the stock. Mocosack Advisory Group LLC increased its holdings in shares of Apple by 1.1% in the 2nd quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock valued at $1,079,000 after purchasing an additional 59 shares in the last quarter. Kraft Davis & Associates LLC increased its holdings in shares of Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after acquiring an additional 59 shares in the last quarter. MKT Advisors LLC increased its holdings in Apple shares by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after purchasing an additional 60 shares during the period. Cassia Capital Partners LLC increased its position in shares of Apple by 1.2% in the 3rd quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after purchasing an additional 60 shares in the last quarter. Finally, Family CFO Inc increased its holdings in shares of 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 purchasing an additional 60 shares during the period. Institutional investors own 58.51% of the company’s stock.
Insider activity
In other Apple news, insider Chris Kondo sold 5,513 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the completion of the transaction, the insider now owns 29,174 shares of the company’s stock, valued at $5,601,408. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC’s website. 0.06% of the stock is owned by company insiders.
Apple stock falls 0.7%
Nasdaq AAPL opened at $181.16 on Tuesday. The company’s 50 day simple moving average is $187.99 and its 200 day simple moving average is $183.73. 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 stock has a market capitalization of $2.8 trillion, a P/E ratio of 28.22x, a PEG ratio of 2.20x, and a beta of 1.31x. Apple stock hit a 12-month low of $143.90 and a 12-month high of $199.62.
Apple (NASDAQ:AAPL – Get Free Report) last released its 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. The business had revenue of $119.6 billion for the quarter, compared to analyst expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net profit margin of 26.16%. In the same period last year, the company’s earnings per share were $1.88. Apple’s sales increased 2.1% year-on-year. On average, research analysts expect Apple to report EPS of $6.56 this year.
apple dividend announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th, he was awarded a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This equates to an annualized dividend of $0.96 and a dividend yield of 0.53%. Apple’s dividend payout ratio (DPR) is currently 14.95%.
Wall Street Analysts Share Their Opinions
Many research companies have published reports on AAPL. Redburn Partners downgraded Apple’s stock rating to “neutral” and set a $200 price target for the company. said in an investigation report on Wednesday, January 10. Piper Sandler lowered their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the company in a report on Friday, February 2nd. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Wednesday, January 31st. Robert W. Baird increased their target price on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Redburn Atlantic downgraded Apple’s rating from “buy” to “neutral” and set a $200 price target for the company. In Research Notes on Wednesday, January 10th. 1 equity research analyst has rated the stock with a sell rating, 11 have given a hold rating, 21 have given a buy rating and 1 have given a strong buy rating to the stock. The stock currently has an average rating of “Moderate Buy” and an average price target of $205.27, according to data from MarketBeat.com.
See the latest stock analysis for AAPL.
apple profile
(Free report)
Apple Inc designs, manufactures, and sells smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers a line of smartphones, the iPhone. Mac, personal computer product group. iPad, a series of multipurpose tablets. Wearables, home, and accessories consisting of AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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