Apple Inc. (NASDAQ:AAPL) Shares Purchased by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 89.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,183 shares of the iPhone maker’s stock after acquiring an additional 23,660 shares during the period. Apple accounts for about 3.9% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. McElhenny Sheffield Capital Management LLC’s holdings in Apple were worth $9,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Orrstown Financial Services Inc. purchased a new stake in shares of Apple in the fourth quarter valued at $2,415,000. Handelsinvest Investeringsforvaltning grew its position in shares of Apple by 65.2% in the fourth quarter. Handelsinvest Investeringsforvaltning now owns 49,679 shares of the iPhone maker’s stock valued at $9,565,000 after purchasing an additional 19,612 shares during the period. Leverty Financial Group LLC grew its position in shares of Apple by 2.3% in the fourth quarter. Leverty Financial Group LLC now owns 4,431 shares of the iPhone maker’s stock valued at $853,000 after purchasing an additional 101 shares during the period. Amplius Wealth Advisors LLC grew its position in shares of Apple by 7.9% in the fourth quarter. Amplius Wealth Advisors LLC now owns 59,657 shares of the iPhone maker’s stock valued at $11,486,000 after purchasing an additional 4,388 shares during the period. Finally, Raymond James Trust N.A. grew its position in Apple by 1.8% during the fourth quarter. Raymond James Trust N.A. now owns 741,160 shares of the iPhone maker’s stock valued at $142,696,000 after acquiring an additional 13,337 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 2.1 %

Apple stock opened at $173.31 on Thursday. The company has a 50 day moving average price of $181.68 and a 200 day moving average price of $182.73. Apple Inc. has a 52 week low of $155.98 and a 52 week high of $199.62. 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 capitalization of $2.68 trillion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 2.06 and a beta of 1.29.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson began coverage on Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. Monness Crespi & Hardt upped their price target on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays decreased their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Finally, Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eleven 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.27.

Check Out Our Latest Research Report on Apple

Apple 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.

Read More

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.