Detalus Advisors LLC Acquires 148 Shares of Apple Inc. (NASDAQ:AAPL)

Detalus Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,601 shares of the iPhone maker’s stock after acquiring an additional 148 shares during the period. Apple makes up approximately 1.6% of Detalus Advisors LLC’s holdings, making the stock its 14th biggest position. Detalus Advisors LLC’s holdings in Apple were worth $3,966,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wyrmwood Management LLC boosted its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC lifted its holdings in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares during the period. PayPay Securities Corp boosted its stake in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. grew its holdings in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after acquiring an additional 140 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in Apple during the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and upped their target price for the company from $208.00 to $225.00 in a report on Thursday, January 18th. The Goldman Sachs Group lifted their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, DZ Bank restated a “hold” rating and issued a $180.00 price objective on shares of Apple in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $203.05.

Apple Stock Down 0.3 %

Shares of AAPL opened at $169.30 on Monday. The business’s 50 day simple moving average is $173.04 and its 200-day simple moving average is $181.83. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (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 company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Apple’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Insiders Place Their Bets

In other news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred 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 transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated 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 approximately $18,768,046.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is owned by insiders.

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.