Apple Inc. (NASDAQ:AAPL) Holdings Raised by Camelot Portfolios LLC

Camelot Portfolios LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 31.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,771 shares of the iPhone maker’s stock after buying an additional 1,628 shares during the period. Camelot Portfolios LLC’s holdings in Apple were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Avid Wealth Partners LLC acquired a new position in Apple during the 4th quarter valued at approximately $749,000. Smallwood Wealth Investment Management LLC boosted its position in Apple by 1.3% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 42,687 shares of the iPhone maker’s stock valued at $8,219,000 after purchasing an additional 543 shares during the period. Ballentine Partners LLC boosted its position in Apple by 2.4% during the 4th quarter. Ballentine Partners LLC now owns 311,144 shares of the iPhone maker’s stock valued at $59,905,000 after purchasing an additional 7,275 shares during the period. Milestone Asset Management LLC boosted its position in Apple by 5.5% during the 4th quarter. Milestone Asset Management LLC now owns 7,460 shares of the iPhone maker’s stock valued at $1,436,000 after purchasing an additional 387 shares during the period. Finally, Panoramic Investment Advisors LLC boosted its position in Apple by 2.2% during the 4th quarter. Panoramic Investment Advisors LLC now owns 7,681 shares of the iPhone maker’s stock valued at $1,479,000 after purchasing an additional 167 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 0.5 %

NASDAQ:AAPL opened at $169.89 on Friday. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. 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 business’s fifty day moving average price is $173.30 and its 200 day moving average price is $181.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results 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. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

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. 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 14.95%.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $84,378,155.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $84,378,155.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Citigroup restated a “buy” rating and set a $225.00 price objective on shares of Apple in a research report on Friday, February 16th. DZ Bank reiterated a “hold” rating and set a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. JPMorgan Chase & Co. reduced their price target on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of Apple in a research report on Tuesday, April 16th. Finally, Piper Sandler Companies lowered Apple to a “neutral” rating and reduced their price target for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. One investment 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

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.