Apple Inc. (NASDAQ:AAPL) is KG&L Capital Management LLC’s 2nd Largest Position

KG&L Capital Management LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 69,100 shares of the iPhone maker’s stock after buying an additional 411 shares during the period. Apple makes up approximately 5.6% of KG&L Capital Management LLC’s holdings, making the stock its 2nd largest holding. KG&L Capital Management LLC’s holdings in Apple were worth $13,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. AEGON ASSET MANAGEMENT UK Plc bought a new position in Apple in the 4th quarter valued at $560,388,000. Hudson Bay Capital Management LP purchased a new stake in shares of Apple during the third quarter valued at $487,435,000. Barclays PLC grew its holdings 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 worth $8,519,244,000 after purchasing an additional 2,826,709 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new position in Apple in the 3rd quarter worth about $461,021,000. Finally, Morgan Stanley lifted its holdings in Apple by 1.0% during the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Maxim Group began coverage on Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price for the company. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, January 10th. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. Finally, Barclays reaffirmed an “underweight” rating and issued a $158.00 price objective on shares of Apple in a research note on Tuesday. One research 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $203.05.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were 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 of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of Apple 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 transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last three months. 0.06% of the stock is currently owned by insiders.

Apple Stock Down 0.3 %

AAPL stock opened at $169.30 on Friday. 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 $164.07 and a 52 week high of $199.62. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm has a 50 day moving average of $173.04 and a 200 day moving average of $181.79.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

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.