Apple Inc. (NASDAQ:AAPL) Shares Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,053 shares of the iPhone maker’s stock after acquiring an additional 1,471 shares during the period. Apple accounts for about 0.8% of Compass Ion Advisors LLC’s investment portfolio, making the stock its 19th largest position. Compass Ion Advisors LLC’s holdings in Apple were worth $5,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Morgan Stanley raised its position in shares of Apple by 1.0% in the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the last quarter. Barclays PLC grew its stake in shares of Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Apple by 4.6% during 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 buying an additional 1,696,576 shares during the period. Nordea Investment Management AB lifted its position in Apple by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock worth $3,020,609,000 after acquiring an additional 287,329 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Apple by 7.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock worth $2,502,541,000 after acquiring an additional 1,018,430 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Trading Down 0.3 %

Shares of NASDAQ AAPL opened at $169.30 on Friday. The company’s 50 day simple moving average is $173.04 and its 200 day simple moving average is $181.79. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a P/E/G ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $117.99 billion. During the same period last year, the company earned $1.88 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was 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 directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the 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 owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DZ Bank reaffirmed a “hold” rating and set a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Citigroup restated a “buy” rating and set a $225.00 price objective on shares of Apple in a research note on Friday, February 16th. Loop Capital cut their target price on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. JPMorgan Chase & Co. decreased their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Monness Crespi & Hardt upped their price target on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple Company 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.