Apple Inc. (NASDAQ:AAPL) Shares Bought by Insight Advisors LLC PA

Insight Advisors LLC PA increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 104,853 shares of the iPhone maker’s stock after buying an additional 549 shares during the quarter. Apple makes up 4.3% of Insight Advisors LLC PA’s holdings, making the stock its 3rd biggest holding. Insight Advisors LLC PA’s holdings in Apple were worth $20,187,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Morgan Stanley raised its holdings in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. Barclays PLC raised its holdings 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 valued at $8,519,244,000 after acquiring an additional 2,826,709 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Apple by 4.6% during the third quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after acquiring an additional 1,696,576 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Apple by 1.7% during the third quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Apple by 7.5% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after acquiring an additional 1,018,430 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. 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. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 0.5 %

Shares of NASDAQ AAPL opened at $169.89 on Friday. The stock has a market cap of $2.62 trillion, a P/E ratio of 26.46, a PEG ratio of 2.01 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 Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The business’s fifty day simple moving average is $173.30 and its 200-day simple moving average is $181.85.

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, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. As a group, 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. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. DA Davidson assumed coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Piper Sandler reduced their target price on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. The Goldman Sachs Group upped their price target on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Barclays restated an “underweight” rating and issued a $158.00 price target on shares of Apple in a research report on Tuesday. Finally, Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $203.05.

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.