Dash Acquisitions Inc. Has $6.24 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Dash Acquisitions Inc. raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,530 shares of the iPhone maker’s stock after buying an additional 385 shares during the quarter. Apple comprises 2.2% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 17th largest holding. Dash Acquisitions Inc.’s holdings in Apple were worth $6,243,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Kingdom Financial Group LLC. increased its position in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the period. RFG Advisory LLC increased its position in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares during the period. Headinvest LLC increased its position in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the period. Tsfg LLC increased its position in shares of Apple by 2.2% during the third quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after purchasing an additional 1,091 shares during the period. Finally, State Street Corp increased its position in shares of Apple by 0.5% during the second quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock valued at $112,288,818,000 after purchasing an additional 2,616,084 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated 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 owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 253,915 shares of company stock worth $44,202,868 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AAPL. Oppenheimer restated an “outperform” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. UBS Group reiterated a “hold” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, March 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research report on Thursday, March 21st. Finally, Barclays lowered their price target on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.23.

Apple Trading Up 0.5 %

NASDAQ:AAPL opened at $169.58 on Monday. Apple Inc. has a 1-year low of $159.78 and a 1-year high of $199.62. The business’s 50-day moving average price is $178.29 and its two-hundred day moving average price is $182.37. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.04 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. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the previous year, the business posted $1.88 EPS. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

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

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.