Bouchey Financial Group Ltd Acquires 2,021 Shares of Apple Inc. (NASDAQ:AAPL)

Bouchey Financial Group Ltd increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,577 shares of the iPhone maker’s stock after buying an additional 2,021 shares during the period. Apple accounts for approximately 5.5% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its 4th biggest position. Bouchey Financial Group Ltd’s holdings in Apple were worth $51,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Moneta Group Investment Advisors LLC increased its holdings in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares during the last quarter. Norges Bank acquired a new position in shares of Apple in the fourth quarter valued at $21,746,940,000. Morgan Stanley increased its holdings in shares of Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the last quarter. Barclays PLC increased its holdings in shares of Apple by 60.0% in the second quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after purchasing an additional 17,604,799 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Apple by 154.9% in the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after purchasing an additional 14,157,430 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 1.1 %

Apple stock opened at $167.78 on Thursday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. The firm has a 50 day moving average price of $177.12 and a two-hundred day moving average price of $182.20. The firm has a market cap of $2.59 trillion, a price-to-earnings ratio of 26.13, a PEG ratio of 2.03 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. Equities analysts predict that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Apple in a report on Friday, February 2nd. Loop Capital decreased their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 price objective on shares of Apple in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.23.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold 253,915 shares of company stock worth $44,202,868 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Apple 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.