Apple Inc. (NASDAQ:AAPL) is Stonegate Investment Group LLC’s Largest Position

Stonegate Investment Group LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,585 shares of the iPhone maker’s stock after selling 5,725 shares during the period. Apple comprises approximately 6.5% of Stonegate Investment Group LLC’s investment portfolio, making the stock its largest holding. Stonegate Investment Group LLC’s holdings in Apple were worth $196,108,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Conservest Capital Advisors Inc. raised its stake in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after buying an additional 55 shares in the last quarter. High Pines Wealth Management LLC grew its holdings in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC raised its position in Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after acquiring an additional 59 shares in the last quarter. Asset Planning Corporation lifted its holdings in Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares during the period. Finally, Columbus Macro LLC boosted its position in shares of Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 target price on shares of Apple in a report on Tuesday, March 5th. DA Davidson assumed coverage on Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective for the company. Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. Piper Sandler lowered their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Finally, Loop Capital cut their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Up 0.5 %

Shares of AAPL stock opened at $165.84 on Tuesday. The firm’s fifty day moving average price is $174.24 and its two-hundred day moving average price is $182.10. 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 Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The firm has a market capitalization of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27.

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

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.58%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other 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 directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 over the last ninety days. Insiders own 0.06% of the company’s stock.

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.