Panoramic Investment Advisors LLC Acquires 167 Shares of Apple Inc. (NASDAQ:AAPL)

Panoramic Investment Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,681 shares of the iPhone maker’s stock after buying an additional 167 shares during the period. Apple makes up about 1.3% of Panoramic Investment Advisors LLC’s holdings, making the stock its 25th largest holding. Panoramic Investment Advisors LLC’s holdings in Apple were worth $1,479,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wyrmwood Management LLC raised its position in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC raised its position in 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 purchasing an additional 118 shares in the last quarter. PayPay Securities Corp raised its position in Apple by 70.2% during the third 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. raised its position in Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new stake in Apple during the fourth quarter valued at about $132,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $169.02 on Thursday. 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’s 50 day moving average price is $173.58 and its 200-day moving average price is $181.94. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The stock has a market cap of $2.61 trillion, a P/E ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $117.99 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research reports. Citigroup restated a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. The Goldman Sachs Group lifted their price objective on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. UBS Group reiterated a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Loop Capital decreased their price objective on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Finally, Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction on 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 sale, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on 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. In the last three months, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is owned by corporate insiders.

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.