Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Capital Advisors Inc. OK

Capital Advisors Inc. OK grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 710,783 shares of the iPhone maker’s stock after purchasing an additional 9,325 shares during the quarter. Apple makes up approximately 3.5% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 3rd largest position. Capital Advisors Inc. OK’s holdings in Apple were worth $177,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Drystone LLC purchased a new stake in shares of Apple during the 4th quarter worth $25,000. Bull Oak Capital LLC grew its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction dated 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 owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $202.14 on Wednesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock’s fifty day simple moving average is $221.65 and its 200-day simple moving average is $230.79. The stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth 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 (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts expect 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. 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 0.49%. Apple’s dividend payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AAPL shares. Maxim Group boosted their price objective on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Raymond James lifted their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Barclays increased their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Tigress Financial lifted their target price on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, April 3rd. Finally, Redburn Partners set a $230.00 price objective on shares of Apple in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

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.