Apple Inc. (NASDAQ:AAPL) Shares Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 70,930 shares of the iPhone maker’s stock after buying an additional 112 shares during the period. Apple makes up 6.3% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Stoneridge Investment Partners LLC’s holdings in Apple were worth $17,762,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AAPL. Drystone LLC bought a new position in shares of Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC lifted its position in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the third quarter worth approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 over the last quarter. 0.06% of the stock is owned by company insiders.

Apple Trading Down 4.2 %

Shares of Apple stock opened at $190.42 on Friday. The firm’s 50-day moving average price is $223.56 and its two-hundred day moving average price is $231.33. The company has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.44 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. Apple’s payout ratio is presently 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $263.00 price target on shares of Apple in a research note on Thursday, April 3rd. Morgan Stanley reduced their price objective on Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday. Bank of America decreased their target price on shares of Apple from $265.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Barclays boosted their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $240.26.

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.