Dahring Cusmano LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,406 shares of the iPhone maker's stock, valued at approximately $603,000. Apple makes up approximately 0.5% of Dahring Cusmano LLC's portfolio, making the stock its 24th biggest position.
Other hedge funds also recently bought and sold shares of the company. Drystone LLC bought a new position in shares of Apple in the 4th quarter worth approximately $25,000. Life Planning Partners Inc bought a new position in shares of Apple in the fourth quarter worth about $47,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the 3rd quarter worth approximately $77,000. Finally, Compass Planning Associates Inc bought a new stake in Apple during the 4th quarter worth approximately $96,000. Institutional investors own 67.73% of the company's stock.
Insiders Place Their Bets
In related news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is currently owned by insiders.
Apple Stock Up 0.4 %
AAPL stock traded up $0.82 during trading on Thursday, hitting $213.32. 55,559,513 shares of the company's stock traded hands, compared to its average volume of 56,562,730. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 33.86, a PEG ratio of 2.44 and a beta of 1.26. The business has a fifty day simple moving average of $213.66 and a two-hundred day simple moving average of $228.95. 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 posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. During the same period last year, the firm earned $1.53 EPS. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be given a dividend of $0.26 per share. This is a boost from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. Apple's dividend payout ratio is presently 15.87%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AAPL. Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Bank of America decreased their price target on Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Monness Crespi & Hardt increased their target price on Apple to $245.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. China Renaissance assumed coverage on Apple in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price target for the company. Finally, TD Cowen reissued a "buy" rating on shares of Apple in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $232.63.
Check Out Our Latest Stock Report on Apple
About Apple
(
Free Report)
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.
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