Apple Inc. (NASDAQ:AAPL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 14,395.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,700,395 shares of the iPhone maker’s stock after buying an additional 70,212,651 shares during the period. Apple accounts for approximately 27.3% of International Assets Investment Management LLC’s investment portfolio, making the stock its biggest holding. International Assets Investment Management LLC owned about 0.46% of Apple worth $136,119,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Conservest Capital Advisors Inc. raised its holdings in Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares during the period. High Pines Wealth Management LLC raised its holdings in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC increased its holdings in shares of Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the period. Asset Planning Corporation increased its holdings in shares of Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after purchasing an additional 59 shares during the period. Finally, Columbus Macro LLC increased its holdings in shares of Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, 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. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $169.30 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The company has a 50 day simple moving average of $173.04 and a two-hundred day simple moving average of $181.81. The company has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts expect 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AAPL shares. DA Davidson started coverage on shares of Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a report on Friday, February 16th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple Company 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.