Apple Inc. (NASDAQ:AAPL) Shares Bought by 626 Financial LLC

626 Financial LLC grew its position in Apple Inc. (NASDAQ:AAPLFree Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,076 shares of the iPhone maker’s stock after buying an additional 4,316 shares during the quarter. Apple makes up approximately 6.6% of 626 Financial LLC’s portfolio, making the stock its 3rd largest position. 626 Financial LLC’s holdings in Apple were worth $10,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingdom Financial Group LLC. boosted its holdings in shares of Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the period. RFG Advisory LLC lifted its position in shares of Apple by 13.6% in the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Headinvest LLC lifted its position in shares of Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares in the last quarter. Tsfg LLC lifted its position in shares of Apple by 2.2% in the third quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock worth $8,722,000 after purchasing an additional 1,091 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Apple by 0.5% in the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after purchasing an additional 2,616,084 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.1 %

Shares of AAPL stock opened at $171.48 on Friday. Apple Inc. has a 1 year low of $159.35 and a 1 year high of $199.62. The firm’s fifty day simple moving average is $181.15 and its 200 day simple moving average is $182.58. The firm has a market capitalization of $2.65 trillion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. UBS Group reissued a “hold” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, March 25th. Citigroup reissued a “buy” rating and issued a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of Apple in a research report on Friday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.53.

Check Out 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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