Autumn Glory Partners LLC Has $2.56 Million Stake in Apple Inc. (NASDAQ:AAPL)

Autumn Glory Partners LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,538 shares of the iPhone maker’s stock after buying an additional 130 shares during the quarter. Apple comprises 1.5% of Autumn Glory Partners LLC’s portfolio, making the stock its 15th biggest position. Autumn Glory Partners LLC’s holdings in Apple were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Apple in the 4th quarter valued at approximately $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 position in Apple by 6.0% in the 3rd 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 in the last quarter. Granite Bay Wealth Management LLC acquired a new position in Apple in the 3rd quarter worth $461,021,000. Finally, Morgan Stanley increased 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 worth $35,394,751,000 after purchasing an additional 2,018,010 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAPL shares. Morgan Stanley reduced their price objective on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. DZ Bank reaffirmed a “hold” rating and set a $180.00 price target on shares of Apple in a research note on Thursday, March 28th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. JPMorgan Chase & Co. decreased their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and cut 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 issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $203.05.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 legal filing with the SEC, which is available through the SEC website. In related 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 completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

NASDAQ:AAPL 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. The firm 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. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. The stock’s 50-day simple moving average is $173.04 and its 200 day simple moving average is $181.79.

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

Apple Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 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.