Financial Harvest LLC Invests $2.54 Million in Apple Inc. (NASDAQ:AAPL)

Financial Harvest LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,151 shares of the iPhone maker's stock, valued at approximately $2,542,000. Apple comprises approximately 2.2% of Financial Harvest LLC's investment portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently made changes to their positions in AAPL. Drystone LLC bought a new stake in shares of Apple in the 4th quarter valued at about $25,000. Life Planning Partners Inc bought a new position in Apple in the fourth quarter worth approximately $47,000. SPX Gestao de Recursos Ltda purchased a new stake in Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,021 shares of company stock worth $41,760,140. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent research reports. Wedbush dropped their price objective on Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Raymond James lowered their price target on shares of Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday. Bank of America decreased their target price on shares of Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Argus raised shares of Apple to a "strong-buy" rating in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price objective on Apple in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $232.63.

Apple Price Performance

Shares of Apple stock traded up $1.29 on Wednesday, hitting $212.50. The company's stock had a trading volume of 50,495,030 shares, compared to its average volume of 56,594,610. The company has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The firm has a fifty day moving average price of $214.32 and a 200-day moving average price of $229.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $169.11 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is presently 15.87%.

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.