Apple Inc. (NASDAQ:AAPL) Shares Acquired by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,940 shares of the iPhone maker’s stock after buying an additional 171 shares during the quarter. Apple makes up approximately 2.8% of Stratos Investment Management LLC’s holdings, making the stock its 7th largest holding. Stratos Investment Management LLC’s holdings in Apple were worth $23,862,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Caliber Wealth Management LLC grew its position in shares of Apple by 4.3% during the 3rd quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock worth $2,818,000 after buying an additional 680 shares during the period. Janiczek Wealth Management LLC boosted its stake in Apple by 72.5% in the third quarter. Janiczek Wealth Management LLC now owns 35,821 shares of the iPhone maker’s stock valued at $6,133,000 after acquiring an additional 15,056 shares during the last quarter. HB Wealth Management LLC grew its holdings in Apple by 7.4% during the 3rd quarter. HB Wealth Management LLC now owns 906,664 shares of the iPhone maker’s stock worth $155,230,000 after acquiring an additional 62,513 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of Apple by 12.9% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 52,566 shares of the iPhone maker’s stock valued at $9,000,000 after acquiring an additional 6,013 shares during the last quarter. Finally, Capital Investment Services of America Inc. lifted its stake in shares of Apple by 2.5% in the 3rd quarter. Capital Investment Services of America Inc. now owns 9,938 shares of the iPhone maker’s stock valued at $1,702,000 after purchasing an additional 243 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AAPL. Piper Sandler Companies cut Apple to a “neutral” rating and reduced their target price for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Barclays reiterated an “underweight” rating and issued a $158.00 target price on shares of Apple in a report on Tuesday, April 23rd. Wedbush reissued an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.62.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the 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 completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Trading Up 2.5 %

Shares of Apple stock opened at $173.50 on Tuesday. The stock has a market cap of $2.68 trillion, a P/E ratio of 27.02, a P/E/G ratio of 2.04 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. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The business’s 50 day moving average is $172.86 and its 200-day moving average is $181.77.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm 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 company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s dividend payout ratio is 14.95%.

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.