Milestone Asset Management LLC Buys 387 Shares of Apple Inc. (NASDAQ:AAPL)

Milestone Asset Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,460 shares of the iPhone maker’s stock after purchasing an additional 387 shares during the quarter. Apple makes up 0.5% of Milestone Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Milestone Asset Management LLC’s holdings in Apple were worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Caliber Wealth Management LLC increased its stake in Apple by 4.3% in the 3rd quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock worth $2,818,000 after purchasing an additional 680 shares during the period. Hibernia Wealth Partners LLC bought a new position in shares of Apple during the third quarter valued at $1,265,000. Udine Wealth Management Inc. increased its position in Apple by 4.8% during the third quarter. Udine Wealth Management Inc. now owns 95,897 shares of the iPhone maker’s stock valued at $16,419,000 after acquiring an additional 4,362 shares during the last quarter. Fortress Wealth Group LLC increased its position in Apple by 1.9% during the third quarter. Fortress Wealth Group LLC now owns 19,030 shares of the iPhone maker’s stock valued at $3,281,000 after acquiring an additional 347 shares during the last quarter. Finally, WealthOne LLC increased its position in Apple by 2.7% during the third quarter. WealthOne LLC now owns 101,538 shares of the iPhone maker’s stock valued at $17,384,000 after acquiring an additional 2,647 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $169.89 on Friday. The business’s 50 day simple moving average is $173.30 and its 200-day simple moving average is $181.85. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date 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

AAPL has been the subject of several research analyst reports. UBS Group reiterated a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Citigroup reiterated a “buy” rating and issued a $225.00 price target on shares of Apple in a report on Friday, February 16th. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. DZ Bank reiterated a “hold” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $203.05.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 in 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.