Apple Inc. (NASDAQ:AAPL) Shares Bought by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,681 shares of the iPhone maker’s stock after acquiring an additional 167 shares during the period. Apple makes up approximately 1.3% of Panoramic Investment Advisors LLC’s holdings, making the stock its 25th biggest holding. Panoramic Investment Advisors LLC’s holdings in Apple were worth $1,479,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Apple during the fourth quarter worth $560,388,000. Hudson Bay Capital Management LP acquired a new stake in shares of Apple during the third quarter worth $487,435,000. Barclays PLC lifted its stake in shares of Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after buying an additional 2,826,709 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in shares of Apple during the third quarter worth $461,021,000. Finally, Morgan Stanley lifted its stake in shares of Apple by 1.0% during the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after buying an additional 2,018,010 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.3 %

AAPL stock opened at $169.02 on Thursday. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27. The firm has a 50-day simple moving average of $173.58 and a 200-day simple moving average of $181.94. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during 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 company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 earnings per share. Equities analysts forecast 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. Investors of record on Monday, February 12th were given 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 yield of 0.57%. Apple’s payout ratio is presently 14.95%.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Tuesday, March 5th. Oppenheimer reissued an “outperform” rating and set a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Apple in a report on Tuesday, April 16th. Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price for the company. Finally, Barclays reissued an “underweight” rating and set a $158.00 target price on shares of Apple in a report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $84,378,155.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

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.