Apple Inc. (NASDAQ:AAPL) Holdings Raised by Bellecapital International Ltd.

Bellecapital International Ltd. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 116,948 shares of the iPhone maker’s stock after buying an additional 1,264 shares during the quarter. Apple accounts for approximately 5.1% of Bellecapital International Ltd.’s investment portfolio, making the stock its 2nd biggest holding. Bellecapital International Ltd.’s holdings in Apple were worth $22,516,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC boosted its position in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Atlantic Private Wealth LLC acquired a new stake in shares of Apple in the 1st quarter valued at about $30,000. Gilfoyle & Co LLC boosted its position in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Cheyne Capital Management UK LLP boosted its position in shares of Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after purchasing an additional 550 shares during the period. Finally, HBC Financial Services PLLC boosted its position in shares of 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 purchasing an additional 80 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on 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 owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction 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 sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

Apple Stock Performance

NASDAQ AAPL opened at $167.04 on Friday. 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 $2.58 trillion, a P/E ratio of 26.02, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50 day moving average price of $175.15 and a 200 day moving average price of $182.10. 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 (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating 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 last year, the business posted $1.88 EPS. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AAPL shares. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Apple in a research report on Tuesday. Piper Sandler decreased their target price on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Maxim Group began coverage on Apple in a research report on Wednesday. They issued a “hold” rating and a $178.00 target price for the company. Finally, The Goldman Sachs Group upped their price objective on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $203.34.

Apple Company 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.