Corps Capital Advisors LLC Takes Position in Apple Inc. (NASDAQ:AAPL)

Corps Capital Advisors LLC purchased a new position in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 41,136 shares of the iPhone maker’s stock, valued at approximately $10,301,000. Apple comprises approximately 10.4% of Corps Capital Advisors LLC’s portfolio, making the stock its largest position.

Several other large investors have also recently made changes to their positions in AAPL. Amara Financial LLC. purchased a new position in Apple during the third quarter worth approximately $288,000. Silicon Valley Capital Partners increased its stake in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after acquiring an additional 3,935 shares during the period. Vestcor Inc boosted its position in shares of Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker’s stock valued at $87,501,000 after acquiring an additional 34,414 shares during the last quarter. Finally, 5th Street Advisors LLC boosted its position in shares of Apple by 32.9% during the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock valued at $3,518,000 after acquiring an additional 3,736 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AAPL. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and cut their price objective for the stock from $202.33 to $167.88 in a research report on Wednesday, April 9th. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. China Renaissance assumed coverage on Apple in a research note on Tuesday, April 22nd. They set a “buy” rating and a $241.00 target price for the company. Finally, Maxim Group upped their price target on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, eleven 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.88.

Apple Stock Up 0.4 %

Shares of NASDAQ AAPL opened at $209.28 on Friday. Apple Inc. has a 1 year low of $169.11 and a 1 year high of $260.10. The company has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50-day moving average of $215.71 and a two-hundred day moving average of $229.31.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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 dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 over the last ninety days. Insiders own 0.06% of the company’s stock.

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.