Apple Inc. (NASDAQ:AAPL) Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd lessened its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 22,437 shares of the iPhone maker’s stock after selling 382 shares during the period. Apple accounts for 0.9% of Paragon Capital Management Ltd’s portfolio, making the stock its 20th largest position. Paragon Capital Management Ltd’s holdings in Apple were worth $4,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. Atlantic Private Wealth LLC acquired a new position in shares of Apple during the first quarter worth about $30,000. Wyrmwood Management LLC lifted its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Summit Wealth Group LLC lifted its stake in shares of Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC lifted its stake in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Finally, West Tower Group LLC acquired a new position in shares of Apple in the second quarter worth about $64,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Friday, February 2nd. DA Davidson assumed coverage on Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $204.53.

Check Out Our Latest Report on Apple

Apple Stock Performance

Shares of AAPL stock opened at $171.48 on Friday. Apple Inc. has a 12-month low of $159.35 and a 12-month high of $199.62. The firm has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The business has a 50 day simple moving average of $180.75 and a 200 day simple moving average of $182.53. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates 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. On average, equities research analysts anticipate that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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