Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Quantum Private Wealth LLC

Quantum Private Wealth LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,491 shares of the iPhone maker’s stock after buying an additional 454 shares during the quarter. Apple comprises about 9.6% of Quantum Private Wealth LLC’s investment portfolio, making the stock its biggest holding. Quantum Private Wealth LLC’s holdings in Apple were worth $29,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAPL. Drystone LLC bought a new position in Apple in the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of Apple in the fourth quarter worth $47,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the third quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter valued at $77,000. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Raymond James upped their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Morgan Stanley lowered their price objective on shares of Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Sanford C. Bernstein raised their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. DA Davidson decreased their target price on shares of Apple from $290.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, UBS Group raised their price target on Apple to $236.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.85.

Insiders Place Their Bets

In other Apple news, 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s 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 sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is owned by insiders.

Apple Stock Up 1.3 %

Shares of NASDAQ AAPL opened at $196.79 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $164.77 and a 52-week high of $260.10. The stock has a 50 day moving average price of $219.65 and a 200 day moving average price of $230.13. The firm has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 31.24, a PEG 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, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

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.