Apple Inc. (NASDAQ:AAPL) Shares Bought by Schoolcraft Capital LLC

Schoolcraft Capital LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 18.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,014 shares of the iPhone maker’s stock after acquiring an additional 463 shares during the period. Schoolcraft Capital LLC’s holdings in Apple were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Atlantic Private Wealth LLC bought a new stake in shares of Apple in the 1st quarter worth approximately $30,000. Wyrmwood Management LLC lifted its holdings in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC lifted its holdings in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Summit Wealth Group LLC lifted its holdings in shares of 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 worth $42,000 after purchasing an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC lifted its holdings 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 worth $49,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of Apple 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 completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction on 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 completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple 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 directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on AAPL shares. DA Davidson assumed coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. DZ Bank reaffirmed a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Apple in a research note on Tuesday. Finally, Robert W. Baird lifted their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.34.

Apple Stock Performance

Shares of AAPL stock 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 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 $2.58 trillion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s fifty day simple moving average is $175.15 and its 200-day simple moving average is $182.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share 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 business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

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