Ferguson Shapiro LLC Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

Ferguson Shapiro LLC increased its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 29.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,257 shares of the iPhone maker’s stock after acquiring an additional 4,563 shares during the quarter. Apple accounts for 1.8% of Ferguson Shapiro LLC’s portfolio, making the stock its 12th largest position. Ferguson Shapiro LLC’s holdings in Apple were worth $3,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. IFM Investors Pty Ltd raised its stake in Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. raised its stake in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp raised its stake in Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC raised its stake in Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after acquiring an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC raised its stake in Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred 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 owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred 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 owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 253,915 shares of company stock worth $44,202,868 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

Apple stock opened at $169.65 on Thursday. 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 Inc. has a 12 month low of $159.78 and a 12 month high of $199.62. The stock’s 50 day simple moving average is $179.75 and its two-hundred day simple moving average is $182.55. The firm has a market cap of $2.62 trillion, a PE ratio of 26.43, a P/E/G ratio of 2.05 and a beta of 1.27.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson started coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, March 5th. Barclays reduced their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research report on Friday, February 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective on shares of Apple in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.23.

View Our Latest Stock Analysis on Apple

About Apple

(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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