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Abundance Wealth Counselors added to its position in Apple Inc. (NASDAQ:AAPL – Free report) by 0.2% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor owned 54,907 shares of the iPhone maker after purchasing an additional 86 shares during the quarter. Apple represents 2.7% of Abundance Wealth Counselors’ investment portfolio, making it the 6th largest position. Abundance Wealth Counselors’ holdings in Apple were worth $10,571,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also changed their stakes in the company. Conservest Capital Advisors Inc. increased its position in Apple by 0.3% during the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after acquiring an additional 55 shares during the last quarter. High Pines Wealth Management LLC increased its position in shares of Apple by 0.7% in the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares during the last quarter. Kraft Davis & Associates LLC increased its position in shares of Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after purchasing an additional 59 shares during the last quarter. MKT Advisors LLC increased its position in Apple shares by 0.5% in the second 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 last quarter. Finally, Cassia Capital Partners LLC increased its stake in Apple by 1.2% in the third 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 during the period. 60.41% of shares are currently owned by institutional investors and hedge funds.
Apple Stock Performance
Actions of AAPL opened at $169.58 Monday. The company has a 50-day moving average price of $178.29 and a 200-day moving average price of $182.37. The company has a market capitalization of $2.62 trillion, a PE ratio of 26.41, a P/E/G ratio of 2.04, and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07, and a debt-to-equity ratio of 1.28. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62.
Apple (NASDAQ:AAPL – Get a free report) last announced its results on Thursday, February 1. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion in the quarter, compared to analysts’ estimates of $117.99 billion. Apple achieved a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue increased by 2.1% compared to the same quarter last year. During the same quarter of the previous year, the company recorded an EPS of $1.88. On average, sell-side analysts predict that Apple Inc. will post 6.55 earnings per share for the current fiscal year.
Apple dividend announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors registered on Monday, February 12 received a dividend of $0.24. The ex-dividend date was Friday, February 9. This represents a dividend of $0.96 on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.
Insider activity at Apple
Additionally, Senior Vice President Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the Senior Vice President now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the CEO now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, Senior Vice President Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the Senior Vice President now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. Disclosure of this sale can be found here. Insiders have sold 253,915 shares of the company’s stock worth $44,202,868 over the last 90 days. Company insiders own 0.06% of the company’s stock.
Analyst upgrades and downgrades
Several equity research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Rosenblatt Securities reiterated its “neutral” rating and set a $189.00 price target for shares of Apple in a research note on Tuesday, March 5th. Robert W. Baird increased their price target on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and lowered their price target for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Finally, Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.23.
Check out our latest report on Apple
Apple Company Profile
Apple Inc designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. The company offers iPhone, a range of smartphones; Mac, a line of personal computers; iPad, a range of versatile tablets; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products and HomePod.
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