Apple Inc. (NASDAQ:AAPL) Holdings Boosted by New Potomac Partners LLC

New Potomac Partners LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,140 shares of the iPhone maker’s stock after buying an additional 4,374 shares during the period. Apple makes up approximately 4.5% of New Potomac Partners LLC’s holdings, making the stock its 3rd largest position. New Potomac Partners LLC’s holdings in Apple were worth $7,536,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple during the first quarter worth about $30,000. Wyrmwood Management LLC lifted its position in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the period. Summit Wealth Group LLC lifted its position in 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 valued at $42,000 after purchasing an additional 6,949,659 shares during the period. HBC Financial Services PLLC lifted its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Finally, PayPay Securities Corp lifted its position in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL opened at $172.69 on Tuesday. The company has a 50-day moving average of $176.40 and a 200-day moving average of $182.32. The company has a market capitalization of $2.67 trillion, a P/E ratio of 26.90, a PEG ratio of 2.13 and a beta of 1.27. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. 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 (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 EPS. Equities analysts expect that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AAPL. Monness Crespi & Hardt raised their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler reduced their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. DZ Bank reiterated a “hold” rating and set a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. 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. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have given 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 data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $204.08.

Apple Profile

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.