Apple Inc. (NASDAQ:AAPL) is Consolidated Portfolio Review Corp's Largest Position

Consolidated Portfolio Review Corp increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,423 shares of the iPhone maker's stock after purchasing an additional 5,279 shares during the quarter. Apple makes up about 5.6% of Consolidated Portfolio Review Corp's investment portfolio, making the stock its biggest holding. Consolidated Portfolio Review Corp's holdings in Apple were worth $24,533,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AAPL. International Assets Investment Management LLC increased its position in Apple by 14,395.4% during the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker's stock worth $136,119,470,000 after buying an additional 70,212,651 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Apple by 130.1% during the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker's stock worth $1,815,594,000 after acquiring an additional 5,331,439 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Apple in the 4th quarter valued at $560,388,000. Hudson Bay Capital Management LP acquired a new stake in Apple during the 3rd quarter valued at $487,435,000. Finally, Barclays PLC boosted its position in Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker's stock worth $8,519,244,000 after purchasing an additional 2,826,709 shares during the period. Institutional investors own 60.41% of the company's stock.

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company's stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Deirdre O'brien sold 54,732 shares of the business's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company's stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Apple from $210.00 to $216.00 and gave the stock an "overweight" rating in a research note on Friday, May 3rd. Bank of America upped their target price on Apple from $225.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, May 3rd. Oppenheimer reissued an "outperform" rating and set a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Canaccord Genuity Group upped their price objective on Apple from $200.00 to $215.00 and gave the company a "buy" rating in a report on Saturday, May 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $220.00 target price on shares of Apple in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.11.

Apple Trading Down 0.7 %

AAPL traded down $1.27 during midday trading on Friday, hitting $183.05. 50,759,496 shares of the company were exchanged, compared to its average volume of 67,211,600. The firm has a market capitalization of $2.81 trillion, a P/E ratio of 28.47, a P/E/G ratio of 2.22 and a beta of 1.26. The firm's 50 day moving average price is $172.34 and its 200-day moving average price is $181.88. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to analysts' expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm's revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple announced that its board has authorized a share buyback program on Thursday, May 2nd that allows the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be issued a $0.25 dividend. This is a positive change from Apple's previous quarterly dividend of $0.24. The ex-dividend date is Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.55%. Apple's payout ratio is presently 14.93%.

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.