Apple Inc. (NASDAQ:AAPL) Shares Purchased by Boston Financial Mangement LLC

Boston Financial Mangement LLC grew its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 716,496 shares of the iPhone maker's stock after buying an additional 3,248 shares during the quarter. Apple comprises 5.4% of Boston Financial Mangement LLC's investment portfolio, making the stock its biggest holding. Boston Financial Mangement LLC's holdings in Apple were worth $179,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hardy Reed LLC increased its stake in Apple by 0.4% in the 4th quarter. Hardy Reed LLC now owns 136,107 shares of the iPhone maker's stock valued at $34,084,000 after purchasing an additional 490 shares in the last quarter. Advyzon Investment Management LLC acquired a new stake in Apple in the fourth quarter valued at $2,282,000. Handelsbanken Fonder AB raised its stake in shares of Apple by 4.2% during the 4th quarter. Handelsbanken Fonder AB now owns 6,765,969 shares of the iPhone maker's stock worth $1,694,334,000 after buying an additional 272,756 shares during the last quarter. Mcdaniel Terry & Co. boosted its position in shares of Apple by 0.3% in the 4th quarter. Mcdaniel Terry & Co. now owns 361,332 shares of the iPhone maker's stock worth $90,485,000 after buying an additional 1,248 shares in the last quarter. Finally, Unionview LLC boosted its position in shares of Apple by 45.4% in the 4th quarter. Unionview LLC now owns 30,231 shares of the iPhone maker's stock worth $7,570,000 after buying an additional 9,435 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.2 %

NASDAQ AAPL traded down $0.46 on Thursday, hitting $212.04. 10,113,885 shares of the stock traded hands, compared to its average volume of 56,384,751. Apple Inc. has a twelve month low of $169.11 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.19 trillion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The stock has a 50-day moving average of $213.66 and a 200 day moving average of $228.95.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAPL shares. Tigress Financial upped their price target on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. China Renaissance assumed coverage on Apple in a research report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price target for the company. Jefferies Financial Group upgraded Apple from an "underperform" rating to a "hold" rating and reduced their price objective for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Raymond James dropped their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Evercore ISI raised their price target on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Two research 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $232.63.

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.