Apple Inc. (NASDAQ:AAPL) Shares Bought by Hibernia Wealth Partners LLC

Hibernia Wealth Partners LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,152 shares of the iPhone maker’s stock after purchasing an additional 764 shares during the quarter. Apple makes up about 1.2% of Hibernia Wealth Partners LLC’s holdings, making the stock its 17th largest position. Hibernia Wealth Partners LLC’s holdings in Apple were worth $1,570,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atlantic Private Wealth LLC purchased a new position in shares of Apple during the first quarter worth about $30,000. Wyrmwood Management LLC grew its holdings in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Summit Wealth Group LLC grew its holdings in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after buying an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the last quarter. Finally, PayPay Securities Corp grew its holdings in shares of Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AAPL shares. Piper Sandler lowered their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target on the stock. UBS Group reissued a “hold” rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.08.

Apple Trading Down 2.2 %

Shares of Apple stock opened at $172.69 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The company has a market capitalization of $2.67 trillion, a P/E ratio of 26.90, a P/E/G ratio of 2.13 and a beta of 1.27. The business has a 50 day moving average price of $176.40 and a 200 day moving average price of $182.32.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (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 firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.56%. Apple’s payout ratio is currently 14.95%.

About Apple

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.