Bouchey Financial Group Ltd lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289,725 shares of the iPhone maker's stock after purchasing an additional 9,466 shares during the quarter. Apple comprises 6.3% of Bouchey Financial Group Ltd's investment portfolio, making the stock its 4th biggest holding. Bouchey Financial Group Ltd's holdings in Apple were worth $72,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Rational Advisors LLC increased its stake in Apple by 0.6% in the 3rd quarter. Rational Advisors LLC now owns 23,313 shares of the iPhone maker's stock valued at $5,432,000 after buying an additional 145 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in Apple by 3.9% in the third quarter. FSM Wealth Advisors LLC now owns 39,955 shares of the iPhone maker's stock valued at $9,309,000 after purchasing an additional 1,509 shares during the last quarter. James J. Burns & Company LLC lifted its stake in Apple by 3.0% in the third quarter. James J. Burns & Company LLC now owns 114,839 shares of the iPhone maker's stock valued at $26,757,000 after purchasing an additional 3,388 shares during the last quarter. ASB Consultores LLC lifted its stake in Apple by 9.4% in the third quarter. ASB Consultores LLC now owns 6,161 shares of the iPhone maker's stock valued at $1,436,000 after purchasing an additional 529 shares during the last quarter. Finally, United Advisor Group LLC lifted its stake in Apple by 32.8% in the third quarter. United Advisor Group LLC now owns 67,613 shares of the iPhone maker's stock valued at $15,754,000 after purchasing an additional 16,684 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Scotiabank downgraded shares of Apple to a "market perform" rating in a research note on Friday, May 2nd. Tigress Financial raised their price objective on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 3rd. Loop Capital reduced their price objective on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, Maxim Group upped their price objective on shares of Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $235.80.
Read Our Latest Stock Report on AAPL
Apple Stock Up 5.7%
Shares of Apple stock traded up $11.39 during trading on Monday, reaching $209.66. The company's stock had a trading volume of 16,997,492 shares, compared to its average volume of 55,953,883. 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 $3.13 trillion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 2.44 and a beta of 1.27. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a 50-day simple moving average of $208.09 and a two-hundred day simple moving average of $227.33.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same quarter in the previous year, the firm posted $1.53 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.50%. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's payout ratio is currently 16.20%.
Apple announced that its board has approved a stock buyback plan on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
Insiders Place Their Bets
In other news, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares of the company's stock, valued at $87,377,116.59. The trade was a 8.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is owned by company insiders.
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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