TCV Trust & Wealth Management Inc. Buys 61 Shares of Apple Inc. (NASDAQ:AAPL)

TCV Trust & Wealth Management Inc. boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,935 shares of the iPhone maker’s stock after buying an additional 61 shares during the quarter. Apple makes up about 3.8% of TCV Trust & Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position. TCV Trust & Wealth Management Inc.’s holdings in Apple were worth $41,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Latitude Advisors LLC grew its holdings in Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after acquiring an additional 50 shares during the last quarter. Penn Davis Mcfarland Inc. raised its stake in shares of Apple by 12.4% in the third quarter. Penn Davis Mcfarland Inc. now owns 185,781 shares of the iPhone maker’s stock worth $43,287,000 after acquiring an additional 20,461 shares during the last quarter. Echo Wealth Management LLC increased its holdings in shares of Apple by 10.2% in the third quarter. Echo Wealth Management LLC now owns 32,153 shares of the iPhone maker’s stock valued at $7,380,000 after purchasing an additional 2,968 shares in the last quarter. Finally, Koss Olinger Consulting LLC lifted its holdings in Apple by 1.5% during the 3rd quarter. Koss Olinger Consulting LLC now owns 18,011 shares of the iPhone maker’s stock worth $4,197,000 after buying an additional 262 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AAPL shares. KeyCorp raised Apple from an “underweight” rating to a “sector weight” rating in a research note on Monday. Tigress Financial boosted their price target on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 3rd. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Evercore ISI raised their price target on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Finally, Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $235.85.

Insider Activity

In other news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction 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. The trade was a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 in the last quarter. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $202.52 on Tuesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market cap of $3.04 trillion, a P/E ratio of 32.15, a P/E/G ratio of 2.44 and a beta of 1.26. 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’s 50-day simple moving average is $222.27 and its 200 day simple moving average is $230.99.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.