StoneX Group Inc. Has $46.68 Million Holdings in Apple Inc. (NASDAQ:AAPL)

StoneX Group Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,424 shares of the iPhone maker's stock after buying an additional 59,472 shares during the quarter. Apple comprises about 3.0% of StoneX Group Inc.'s holdings, making the stock its 4th largest position. StoneX Group Inc.'s holdings in Apple were worth $46,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AAPL. Drystone LLC acquired a new stake in shares of Apple during the 4th quarter worth approximately $25,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter valued at $71,000. Pillar Financial Advisors LLC bought a new position in Apple during the fourth quarter worth $82,000. Compass Planning Associates Inc acquired a new stake in Apple in the fourth quarter worth $96,000. Finally, Collier Financial bought a new stake in Apple in the fourth quarter valued at $140,000. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the sale, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,507 shares of company stock valued at $42,694,080. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. Evercore ISI upped their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Citigroup reiterated a "cautious" rating on shares of Apple in a report on Monday, May 5th. Jefferies Financial Group reissued an "underperform" rating and issued a $170.62 price objective (up previously from $167.88) on shares of Apple in a research note on Friday, May 2nd. Finally, Barclays lowered their target price on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.86.

Apple Stock Performance

Apple stock traded up $1.22 during mid-day trading on Tuesday, reaching $202.67. 52,015,754 shares of the company's stock were exchanged, compared to its average volume of 56,214,415. The business's fifty day simple moving average is $200.72 and its 200 day simple moving average is $223.92. 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 one year low of $169.21 and a one year high of $260.10. The firm has a market capitalization of $3.03 trillion, a PE ratio of 32.17, a P/E/G ratio of 2.44 and a beta of 1.22.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.53 EPS. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is 16.20%.

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.