Apple Inc. (NASDAQ:AAPL) Shares Acquired by GenTrust LLC

GenTrust LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,736 shares of the iPhone maker's stock after acquiring an additional 2,906 shares during the quarter. Apple comprises about 1.4% of GenTrust LLC's investment portfolio, making the stock its 19th biggest holding. GenTrust LLC's holdings in Apple were worth $31,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAPL. Drystone LLC acquired a new position in Apple in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Apple during the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter worth $77,000. Finally, Compass Planning Associates Inc acquired a new stake in Apple during the fourth quarter valued at $96,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now owns 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock worth $41,760,140 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.0 %

AAPL stock opened at $198.92 on Wednesday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The business has a 50-day simple moving average of $210.55 and a 200 day simple moving average of $228.13. 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 company has a market cap of $2.99 trillion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 EPS. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's payout ratio is 16.20%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Monness Crespi & Hardt cut their price objective on shares of Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Barclays decreased their price objective on shares of Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Finally, Raymond James lowered their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $235.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.