Apple Inc. (NASDAQ:AAPL) Position Raised by Oxbow Advisors LLC

Oxbow Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,194 shares of the iPhone maker's stock after purchasing an additional 2,241 shares during the quarter. Apple makes up about 3.4% of Oxbow Advisors LLC's portfolio, making the stock its 5th biggest holding. Oxbow Advisors LLC's holdings in Apple were worth $28,596,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAPL. State Street Corp grew its holdings in Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC increased its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. FMR LLC increased its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC raised its position in Apple by 25,285.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock worth $2,411,260,000 after acquiring an additional 9,590,933 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Apple Stock Performance

Shares of AAPL stock opened at $212.50 on Thursday. The firm has a 50 day moving average of $213.66 and a two-hundred day moving average of $228.95. The stock has a market capitalization of $3.19 trillion, a PE ratio of 33.73, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $169.11 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released 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%. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Monness Crespi & Hardt increased their target price on Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. DA Davidson lowered their target price on shares of Apple from $290.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James reduced their target price on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup lowered their price target on shares of Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays decreased their target price on shares of Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a research note on Wednesday. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $232.63.

Apple 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.

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