Premier Path Wealth Partners LLC Takes $26.24 Million Position in Apple Inc. (NASDAQ:AAPL)

Premier Path Wealth Partners LLC bought a new stake in Apple Inc. (NASDAQ:AAPLFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 136,449 shares of the iPhone maker’s stock, valued at approximately $26,236,000. Apple accounts for 5.8% of Premier Path Wealth Partners LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Kingdom Financial Group LLC. raised its stake in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after buying an additional 598 shares during the last quarter. RFG Advisory LLC raised its stake in Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after buying an additional 20,737 shares during the last quarter. Headinvest LLC raised its stake in Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after buying an additional 872 shares during the last quarter. Tsfg LLC raised its stake in Apple by 2.2% during the third quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after buying an additional 1,091 shares during the last quarter. Finally, State Street Corp raised its stake in Apple by 0.5% during the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock valued at $112,288,818,000 after buying an additional 2,616,084 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL 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. The company has a market capitalization of $2.62 trillion, a P/E ratio of 26.43, a P/E/G 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 business’s 50-day moving average is $179.75 and its 200 day moving average is $182.55.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued 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 dividend payout ratio is currently 14.95%.

Insider Activity

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was 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 approximately $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the 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 sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,915 shares of company stock worth $44,202,868. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Piper Sandler Companies lowered Apple to a “neutral” rating and reduced their target price for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, January 10th. DA Davidson initiated coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price for the company. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.23.

View Our Latest Stock Analysis on AAPL

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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