Timonier Family Office LTD. Acquires New Holdings in Apple Inc. (NASDAQ:AAPL)

Timonier Family Office LTD. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,181 shares of the iPhone maker’s stock, valued at approximately $1,297,000. Apple accounts for approximately 0.7% of Timonier Family Office LTD.’s holdings, making the stock its 23rd largest position.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the period. FMR LLC increased its stake in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the period. Geode Capital Management LLC increased its stake in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Apple by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after buying an additional 1,742,087 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $210.14 on Tuesday. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 1 year low of $169.11 and a 1 year high of $260.10. 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 stock has a fifty day moving average price of $215.01 and a 200 day moving average price of $229.19.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analyst Ratings Changes

Several research firms have commented on AAPL. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. China Renaissance began coverage on Apple in a research report on Tuesday, April 22nd. They set a “buy” rating and a $241.00 price objective for the company. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.31.

Insider Buying and Selling at Apple

In other news, 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 value of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,021 shares of company stock worth $41,760,140 over the last three months. Corporate insiders own 0.06% of the company’s stock.

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.