Apple Inc. (NASDAQ:AAPL) Shares Acquired by MKT Advisors LLC

MKT Advisors LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,785 shares of the iPhone maker’s stock after purchasing an additional 92 shares during the quarter. Apple makes up approximately 1.4% of MKT Advisors LLC’s holdings, making the stock its 11th largest position. MKT Advisors LLC’s holdings in Apple were worth $2,135,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Apple by 0.7% during 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 period. State Street Corp boosted its position in Apple by 0.5% during 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 period. Moneta Group Investment Advisors LLC boosted its position in Apple by 116,483.5% during 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 acquiring an additional 569,066,184 shares during the period. Geode Capital Management LLC boosted its position in Apple by 2.2% during 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 acquiring an additional 6,367,053 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Apple by 3.4% during 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 acquiring an additional 7,736,013 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

AAPL opened at $169.65 on Thursday. The stock has a fifty day moving average of $179.75 and a 200-day moving average of $182.55. The firm has a market capitalization of $2.62 trillion, a P/E ratio of 26.43, a PEG ratio of 2.05 and a beta of 1.27. Apple Inc. has a 12-month low of $159.78 and a 12-month high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AAPL shares. UBS Group reiterated a “hold” rating and set a $190.00 price target on shares of Apple in a research report on Monday, March 25th. JPMorgan Chase & Co. cut their price objective on Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and upped their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Citigroup restated a “buy” rating and issued a $225.00 price objective on shares of Apple in a report on Friday, February 16th. Finally, Piper Sandler Companies lowered shares of Apple to a “neutral” rating and reduced their price objective for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.23.

Read Our Latest Stock Analysis on AAPL

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,915 shares of company stock valued at $44,202,868. 0.06% of the stock is owned by insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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