Syntegra Private Wealth Group LLC Has $13.38 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Syntegra Private Wealth Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,418 shares of the iPhone maker’s stock after buying an additional 2,057 shares during the quarter. Apple comprises 1.5% of Syntegra Private Wealth Group LLC’s portfolio, making the stock its 15th biggest holding. Syntegra Private Wealth Group LLC’s holdings in Apple were worth $13,377,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAPL. Amara Financial LLC. bought a new stake in Apple during the 3rd quarter valued at approximately $288,000. Sterling Investment Counsel LLC grew its position in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners increased its position in shares of Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC raised its stake in shares of Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after purchasing an additional 3,935 shares in the last quarter. Finally, Narwhal Capital Management boosted its stake in Apple by 2.5% during the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock worth $64,492,000 after buying an additional 6,711 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Performance

Shares of Apple stock opened at $188.38 on Friday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.26. The firm has a fifty day moving average of $229.45 and a two-hundred day moving average of $233.07.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAPL. Barclays increased their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $263.00 price objective on shares of Apple in a report on Thursday. JPMorgan Chase & Co. increased their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Maxim Group boosted their price target on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.26.

Apple 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.