TigerOak Management L.L.C. Buys Shares of 101,936 Apple Inc. (NASDAQ:AAPL)

TigerOak Management L.L.C. bought a new stake in Apple Inc. (NASDAQ:AAPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 101,936 shares of the iPhone maker’s stock, valued at approximately $25,527,000. Apple comprises about 9.3% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors also recently modified their holdings of the business. Drystone LLC acquired a new stake in Apple during the 4th quarter worth $25,000. Bull Oak Capital LLC boosted its position 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 during the last quarter. Life Planning Partners Inc acquired a new stake in shares of Apple during the fourth quarter worth $47,000. SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the third quarter valued at about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In related news, 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 value of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This trade represents 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. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. UBS Group upped their price objective on shares of Apple to $236.00 and gave the company a “buy” rating in a research report on Monday, April 14th. DA Davidson lowered their price target on Apple from $290.00 to $230.00 and set a “buy” rating for the company in a report on Monday, April 14th. Rosenblatt Securities reiterated a “buy” rating and set a $263.00 price objective on shares of Apple in a report on Thursday, April 3rd. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and dropped their target price for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. Two investment 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $235.85.

Apple Trading Up 1.3 %

Shares of NASDAQ:AAPL opened at $196.79 on Monday. Apple Inc. has a 52-week low of $164.77 and a 52-week high of $260.10. The company has a market capitalization of $2.96 trillion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a 50-day simple moving average of $219.65 and a 200 day simple moving average of $230.13. 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 (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid 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 0.51%. Apple’s dividend payout ratio (DPR) is currently 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.