Apple Inc. (NASDAQ:AAPL) Stake Increased by Harrell Investment Partners LLC

Harrell Investment Partners LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 105,586 shares of the iPhone maker’s stock after purchasing an additional 347 shares during the period. Apple accounts for 6.3% of Harrell Investment Partners LLC’s investment portfolio, making the stock its largest position. Harrell Investment Partners LLC’s holdings in Apple were worth $20,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. IFM Investors Pty Ltd raised its holdings in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares in the last quarter. Markel Corp raised its holdings in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares in the last quarter. Camden Capital LLC raised its holdings in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC raised its holdings in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.6 %

AAPL opened at $167.04 on Friday. The stock has a market cap of $2.58 trillion, a PE ratio of 26.02, a PEG 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. The business has a 50 day moving average of $175.15 and a 200-day moving average of $182.10. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62.

Apple (NASDAQ:AAPL) 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 company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid 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 was Friday, February 9th. Apple’s payout ratio is 14.95%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Maxim Group began coverage on Apple in a research report on Wednesday. They set a “hold” rating and a $178.00 price objective on the stock. UBS Group reiterated a “hold” rating and set a $190.00 price objective on shares of Apple in a research report on Monday, March 25th. DZ Bank reiterated a “hold” rating and set a $180.00 price objective on shares of Apple in a research report on Thursday, March 28th. Finally, Loop Capital reduced their price objective on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. One equities research 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. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.34.

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.