Visionary Horizons LLC Buys Shares of 4,714 Apple Inc. (NASDAQ:AAPL)

Visionary Horizons LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,714 shares of the iPhone maker’s stock, valued at approximately $908,000. Apple comprises approximately 0.7% of Visionary Horizons LLC’s portfolio, making the stock its 16th biggest position.

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

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the firm’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 sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

Shares of AAPL opened at $169.89 on Friday. The stock has a market capitalization 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 quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $173.30 and a two-hundred day simple moving average of $181.85. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62.

Apple (NASDAQ:AAPL) last announced 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 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 firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 EPS. On average, research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently declared 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 was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s payout ratio is currently 14.95%.

Analyst Ratings Changes

Several research firms have recently issued reports on AAPL. DZ Bank reissued a “hold” rating and issued a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Barclays reaffirmed an “underweight” rating and set a $158.00 target price on shares of Apple in a report on Tuesday. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Robert W. Baird upped their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Apple in a report on Tuesday, April 16th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price 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.