Jmac Enterprises LLC Has $10.62 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Jmac Enterprises LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,398 shares of the iPhone maker’s stock after buying an additional 142 shares during the period. Apple accounts for 1.7% of Jmac Enterprises LLC’s holdings, making the stock its 13th largest position. Jmac Enterprises LLC’s holdings in Apple were worth $10,617,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Drystone LLC bought a new stake in shares of Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC raised its position in Apple by 252.3% during the third 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 in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the 3rd quarter valued at $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AAPL. Raymond James upped their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. Wedbush lowered their price objective on shares of Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley decreased their target price on shares of Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.85.

Apple Stock Performance

Shares of AAPL opened at $202.14 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $221.65 and its two-hundred day simple moving average is $230.79. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market capitalization of $3.04 trillion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last announced its 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 return on equity of 160.83% and a net margin of 24.30%. As a group, analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock worth $40,818,720 in the last quarter. 0.06% of the stock is owned by corporate insiders.

About Apple

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.