35,647 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Traveka Wealth LLC

Traveka Wealth LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 35,647 shares of the iPhone maker’s stock, valued at approximately $6,863,000. Apple comprises 3.5% of Traveka Wealth LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of Apple by 1.0% in 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 last quarter. International Assets Investment Management LLC boosted its holdings in shares of Apple by 14,395.4% in the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after purchasing an additional 70,212,651 shares during the last quarter. Barclays PLC raised its stake in shares of Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares during the period. California Public Employees Retirement System raised its stake in shares of Apple by 4.6% in the 3rd 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 acquiring an additional 1,696,576 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Apple by 1.7% in the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Down 0.3 %

Apple stock opened at $169.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $173.04 and a two-hundred day moving average price of $181.81. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.05 and a beta of 1.27. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during 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%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. Sell-side analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’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 sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’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 sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a research note on Monday, March 25th. JPMorgan Chase & Co. cut their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a research note on Tuesday, April 9th. Loop Capital cut their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Finally, DZ Bank reissued a “hold” rating and issued a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. One investment 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 assigned a strong buy rating to the company. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $203.05.

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.