Wealth Management Nebraska acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,037 shares of the iPhone maker's stock, valued at approximately $1,261,000. Apple accounts for about 0.2% of Wealth Management Nebraska's holdings, making the stock its 24th largest holding.
A number of other large investors have also recently made changes to their positions in the stock. O Connor Financial Group LLC increased its holdings in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock valued at $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. boosted its position in Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock valued at $2,249,000 after buying an additional 45 shares during the last quarter. Menard Financial Group LLC increased its holdings in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after buying an additional 48 shares during the period. Hanseatic Management Services Inc. raised its position in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock worth $945,000 after buying an additional 48 shares during the last quarter. Finally, Family Capital Management Inc. lifted its stake in Apple by 0.3% during the 4th quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after acquiring an additional 48 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Jefferies Financial Group reissued an "underperform" rating and set a $170.62 target price (up previously from $167.88) on shares of Apple in a report on Friday. UBS Group reduced their price objective on Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. Bank of America reduced their price target on Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Monness Crespi & Hardt lowered their price objective on Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.25.
Check Out Our Latest Stock Report on Apple
Insider Buying and Selling
In other Apple news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is currently owned by insiders.
Apple Trading Down 3.7 %
AAPL stock traded down $7.97 during trading on Friday, reaching $205.35. 100,891,435 shares of the stock were exchanged, compared to its average volume of 56,771,720. The business has a 50 day moving average price of $212.98 and a 200-day moving average price of $228.83. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 2.44 and a beta of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This is a boost from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.51%. Apple's dividend payout ratio is currently 15.87%.
Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.
Apple Company Profile
(
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.
Featured Articles
Before you consider Apple, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.
While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
