Marshall Investment Management LLC Purchases Shares of 20,870 Apple Inc. (NASDAQ:AAPL)

Marshall Investment Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,870 shares of the iPhone maker's stock, valued at approximately $4,863,000. Apple accounts for about 2.8% of Marshall Investment Management LLC's investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Amara Financial LLC. acquired a new stake in shares of Apple during the third quarter worth $288,000. Silicon Valley Capital Partners increased its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after acquiring an additional 28,799 shares during the period. Catalyst Financial Partners LLC raised its stake in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after purchasing an additional 3,935 shares in the last quarter. Vestcor Inc boosted its holdings in Apple by 10.1% in the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares during the period. Finally, 5th Street Advisors LLC grew its position in shares of Apple by 32.9% during the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after purchasing an additional 3,736 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $212.50 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52 week low of $169.11 and a 52 week high of $260.10. The firm has a market cap of $3.19 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The firm's fifty day moving average is $213.66 and its 200-day moving average is $228.95.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $263.00 price target on shares of Apple in a research report on Thursday, April 3rd. Morgan Stanley increased their target price on Apple from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $225.00 price target on shares of Apple in a research note on Monday, April 14th. Barclays cut their price objective on shares of Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a research report on Wednesday. Finally, TD Cowen reissued a "buy" rating on shares of Apple in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $232.63.

Insider Activity

In other news, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,021 shares of company stock valued at $41,760,140. Company insiders own 0.06% of the company's stock.

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.

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