Epiq Partners LLC Has $2.95 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Epiq Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,321 shares of the iPhone maker’s stock after selling 1,128 shares during the period. Apple makes up 2.1% of Epiq Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Epiq Partners LLC’s holdings in Apple were worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the last quarter. State Street Corp raised its holdings in shares of Apple by 0.5% in the 2nd quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock worth $112,288,818,000 after acquiring an additional 2,616,084 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC grew its position in Apple by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after purchasing an additional 6,367,053 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Apple by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL 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 company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $2.65 trillion, a PE ratio of 26.71, a P/E/G ratio of 2.09 and a beta of 1.29. The company’s 50 day simple moving average is $181.15 and its two-hundred day simple moving average is $182.58.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Analyst Ratings Changes

A number of brokerages have issued reports on AAPL. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Piper Sandler reduced their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. UBS Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of Apple in a research report on Monday, March 25th. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.53.

Read Our Latest Report on Apple

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction 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 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.06% of the company’s stock.

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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