Legacy Bridge LLC Has $2.22 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Legacy Bridge LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,503 shares of the iPhone maker’s stock after selling 275 shares during the period. Apple comprises about 1.4% of Legacy Bridge LLC’s investment portfolio, making the stock its 8th biggest holding. Legacy Bridge LLC’s holdings in Apple were worth $2,215,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAPL. IFM Investors Pty Ltd grew its holdings in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares during the period. Markel Corp grew its holdings in Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares during the period. Camden Capital LLC grew its holdings in Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its holdings in Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.5 %

AAPL opened at $169.58 on Monday. The stock has a market cap of $2.62 trillion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.04 and a beta of 1.27. The stock’s 50 day moving average price is $178.29 and its 200-day moving average price is $182.37. Apple Inc. has a one year low of $159.78 and a one year high of $199.62. 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 (NASDAQ:AAPL) last announced 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 company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors 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 yield of 0.57%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. Loop Capital cut their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. DZ Bank reissued a “hold” rating and set a $180.00 price target on shares of Apple in a report on Thursday, March 28th. UBS Group reissued a “hold” rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Apple in a research report on Friday, February 2nd. One research 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.23.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the company’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 sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold a total of 253,915 shares of company stock valued at $44,202,868 over 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.