Lionsbridge Wealth Management LLC Acquires 918 Shares of Apple Inc. (NASDAQ:AAPL)

Lionsbridge Wealth Management LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,468 shares of the iPhone maker’s stock after buying an additional 918 shares during the period. Apple comprises approximately 2.4% of Lionsbridge Wealth Management LLC’s holdings, making the stock its 20th largest position. Lionsbridge Wealth Management LLC’s holdings in Apple were worth $2,978,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AAPL. Atlantic Private Wealth LLC bought a new position in shares of Apple in the 1st quarter worth about $30,000. Wyrmwood Management LLC increased its position in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares in the last quarter. Summit Wealth Group LLC increased its position in Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 6,949,659 shares in the last quarter. HBC Financial Services PLLC increased its position in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares in the last quarter. Finally, West Tower Group LLC bought a new stake in Apple in the 2nd quarter valued at about $64,000. 60.41% of the stock is owned by institutional investors.

Apple Trading Up 0.5 %

Shares of AAPL stock opened at $169.65 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. The company has a market capitalization of $2.62 trillion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The business’s fifty day moving average is $179.75 and its 200 day moving average is $182.55.

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 company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the business posted $1.88 earnings per share. The firm’s revenue 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 fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s payout ratio is 14.95%.

Analyst Ratings Changes

A number of analysts recently commented on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. JPMorgan Chase & Co. decreased their target price on Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Robert W. Baird boosted their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Citigroup reiterated a “buy” rating and set a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, March 21st. One research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.23.

View Our Latest Report on AAPL

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,377,407 shares in the company, 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 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

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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