Apple Inc. (NASDAQ:AAPL) Shares Acquired by TTP Investments Inc.

TTP Investments Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,650 shares of the iPhone maker’s stock after buying an additional 20,147 shares during the period. Apple comprises 9.6% of TTP Investments Inc.’s portfolio, making the stock its 4th largest holding. TTP Investments Inc.’s holdings in Apple were worth $22,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wyrmwood Management LLC boosted its stake in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted its holdings in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the period. PayPay Securities Corp boosted its stake in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares in the last quarter. Cordant Inc. grew its holdings in shares of Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after purchasing an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new stake in shares of Apple during the 4th quarter worth about $132,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAPL. Rosenblatt Securities restated a “neutral” rating and issued a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. DZ Bank reissued a “hold” rating and issued a $180.00 target price on shares of Apple in a report on Thursday, March 28th. Morgan Stanley dropped their price target on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Monday. Loop Capital cut their price objective on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Finally, Maxim Group assumed coverage on Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was 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 directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The shares were 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 in the company, valued at approximately $802,392,181.44. 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. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.6 %

AAPL opened at $166.90 on Wednesday. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62. The firm has a market cap of $2.58 trillion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. 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 firm’s fifty day moving average is $173.88 and its two-hundred day moving average is $182.03.

Apple (NASDAQ:AAPL) last posted 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 firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s payout ratio is 14.95%.

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.