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

Chicago Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 511,437 shares of the iPhone maker’s stock after buying an additional 49,008 shares during the period. Apple makes up 3.5% of Chicago Capital LLC’s portfolio, making the stock its largest position. Chicago Capital LLC’s holdings in Apple were worth $98,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Moneta Group Investment Advisors LLC boosted its stake in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Norges Bank acquired a new position in Apple in the 4th quarter worth $21,746,940,000. Morgan Stanley boosted its stake in Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after purchasing an additional 25,926,552 shares during the period. Barclays PLC boosted its stake in Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock worth $9,103,464,000 after purchasing an additional 17,604,799 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Apple by 154.9% in the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock worth $1,729,270,000 after purchasing an additional 14,157,430 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred 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 $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 in the company, valued at approximately $574,260,512.21. 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. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 1.2 %

Shares of AAPL opened at $165.00 on Friday. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The firm’s 50 day moving average is $174.67 and its 200-day moving average is $182.04. The stock has a market capitalization of $2.55 trillion, a PE ratio of 25.70, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.88 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio is 14.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, February 2nd. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. Wedbush restated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, April 9th. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Tuesday, March 5th. Finally, Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. One equities 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, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $203.34.

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.