Stewardship Advisors LLC Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Stewardship Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPLFree Report) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,830 shares of the iPhone maker’s stock after purchasing an additional 272 shares during the quarter. Stewardship Advisors LLC’s holdings in Apple were worth $1,315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AAPL. IFM Investors Pty Ltd raised its position in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the period. Ironwood Wealth Management LLC. increased its holdings in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares during the period. Markel Corp lifted its stake in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after acquiring an additional 8,450 shares during the last quarter. Camden Capital LLC boosted its holdings in Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its position in Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is currently owned by insiders.

Apple Stock Down 0.7 %

NASDAQ:AAPL opened at $169.71 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $2.62 trillion, a P/E ratio of 26.43, a P/E/G ratio of 2.08 and a beta of 1.29. Apple Inc. has a fifty-two week low of $155.98 and a fifty-two week high of $199.62. The firm has a 50-day simple moving average of $181.96 and a two-hundred day simple moving average of $182.79.

Apple (NASDAQ:AAPLGet Free Report) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. Analysts predict that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAPL. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their target price for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. Piper Sandler Companies lowered shares of Apple to a “neutral” rating and cut their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Barclays lowered their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a research note on Monday. Finally, Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $205.27.

Read Our Latest Report on Apple

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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