1,375 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Tassel Capital Management Inc.

Tassel Capital Management Inc. acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,375 shares of the iPhone maker's stock, valued at approximately $344,000. Apple accounts for about 0.3% of Tassel Capital Management Inc.'s holdings, making the stock its 26th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. Daiwa Securities Group Inc. boosted its holdings in Apple by 13.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,853,850 shares of the iPhone maker's stock worth $965,081,000 after acquiring an additional 459,563 shares in the last quarter. Lowery Thomas LLC raised its position in shares of Apple by 7.4% in the 4th quarter. Lowery Thomas LLC now owns 7,882 shares of the iPhone maker's stock worth $1,974,000 after purchasing an additional 545 shares during the last quarter. FWG Holdings LLC boosted its stake in Apple by 2.7% in the 4th quarter. FWG Holdings LLC now owns 19,126 shares of the iPhone maker's stock worth $4,361,000 after purchasing an additional 501 shares in the last quarter. Moran Wealth Management LLC grew its position in Apple by 3.4% during the 4th quarter. Moran Wealth Management LLC now owns 33,837 shares of the iPhone maker's stock valued at $8,473,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Main Street Research LLC grew its position in Apple by 0.6% during the 4th quarter. Main Street Research LLC now owns 369,578 shares of the iPhone maker's stock valued at $92,550,000 after purchasing an additional 2,234 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. TD Cowen decreased their target price on shares of Apple from $290.00 to $275.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Scotiabank cut Apple to a "market perform" rating in a research report on Friday, May 2nd. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Tigress Financial upped their price target on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $235.80.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction 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 owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction 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 transaction, 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. In the last quarter, insiders have sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

Shares of NASDAQ AAPL traded down $4.77 during trading on Wednesday, hitting $202.09. The company had a trading volume of 59,113,086 shares, compared to its average volume of 55,963,045. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. 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 firm has a market capitalization of $3.02 trillion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. The stock has a 50 day simple moving average of $205.87 and a 200 day simple moving average of $226.43.

Apple (NASDAQ:AAPL - Get Free Report) last released its 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. The company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 EPS. As a group, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

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

Apple declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in 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 generally a sign that the company's board of directors believes its stock is undervalued.

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.