Atlas Legacy Advisors LLC Purchases Shares of 38,444 Apple Inc. (NASDAQ:AAPL)

Atlas Legacy Advisors LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,444 shares of the iPhone maker's stock, valued at approximately $9,627,000. Apple makes up about 2.3% of Atlas Legacy Advisors LLC's investment portfolio, making the stock its 13th largest position.

Other large investors have also made changes to their positions in the company. Amara Financial LLC. purchased a new stake in shares of Apple during the third quarter valued at $288,000. Silicon Valley Capital Partners grew its holdings in shares of Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after buying an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after buying an additional 3,935 shares during the last quarter. Vestcor Inc grew its holdings in shares of Apple by 10.1% during the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after buying an additional 34,414 shares during the last quarter. Finally, 5th Street Advisors LLC grew its holdings in shares of Apple by 32.9% during the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock valued at $3,518,000 after buying an additional 3,736 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL traded up $0.86 during mid-day trading on Monday, hitting $210.14. 38,624,393 shares of the company were exchanged, compared to its average volume of 56,741,088. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a 50 day moving average of $215.01 and a 200-day moving average of $229.19. Apple Inc. has a 1-year low of $169.11 and a 1-year high of $260.10. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the topic of a number of research analyst reports. Citigroup dropped their price objective on shares of Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays boosted their price objective on shares of Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a report on Friday, January 31st. 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. 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 target on shares of Apple in a report on Friday, January 31st. Two equities research 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $234.31.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the company's 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 transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at $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 have sold 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 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.