Facet Wealth Inc. Has $1.52 Million Stock Position in Apple Inc. (NASDAQ:AAPL)


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Facet Wealth Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,403 shares of the iPhone maker’s stock after purchasing an additional 1,747 shares during the period. Facet Wealth Inc.’s holdings in Apple were worth $1,515,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. InTrack Investment Management Inc boosted its position in Apple by 4.1% during the first quarter. InTrack Investment Management Inc now owns 40,134 shares of the iPhone maker’s stock worth $4,902,000 after purchasing an additional 1,566 shares during the period. Private Ocean LLC boosted its holdings in shares of Apple by 0.7% during the 1st quarter. Private Ocean LLC now owns 171,758 shares of the iPhone maker’s stock worth $20,980,000 after buying an additional 1,235 shares during the period. WNY Asset Management LLC raised its holdings in Apple by 12.6% in the 1st quarter. WNY Asset Management LLC now owns 64,138 shares of the iPhone maker’s stock worth $7,832,000 after acquiring an additional 7,185 shares during the period. First Business Financial Services Inc. lifted its position in Apple by 5.3% during the 1st quarter. First Business Financial Services Inc. now owns 50,274 shares of the iPhone maker’s stock worth $6,141,000 after acquiring an additional 2,541 shares during the last quarter. Finally, S.A. Mason LLC increased its stake in shares of Apple by 4.7% in the first quarter. S.A. Mason LLC now owns 22,887 shares of the iPhone maker’s stock worth $2,796,000 after purchasing an additional 1,026 shares during the period. 57.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on AAPL shares. Morgan Stanley upped their price target on Apple from $158.00 to $161.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James upped their target price on shares of Apple from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Fundamental Research upped their target price on shares of Apple from $113.91 to $148.12 and gave the company a “buy” rating in a report on Friday, February 5th. Evercore ISI upped their target price on Apple from $163.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 22nd. Finally, Credit Suisse Group increased their target price on Apple from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $146.82.

In other Apple news, SVP Deirdre O’brien sold 18,216 shares of Apple stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $134.01, for a total transaction of $2,441,126.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 133,867 shares of Apple stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $125.74, for a total transaction of $16,832,436.58. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Shares of Apple stock opened at $132.54 on Tuesday. Apple Inc. has a 52 week low of $71.58 and a 52 week high of $145.09. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $127.85 and a 200-day moving average price of $125.92. The company has a market cap of $2.23 trillion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.41. Apple had a return on equity of 75.15% and a net margin of 20.91%. The business had revenue of $89.58 billion during the quarter, compared to the consensus estimate of $76.84 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Apple’s revenue was up 53.6% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 13th. Stockholders of record on Monday, May 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. This is an increase from Apple’s previous quarterly dividend of $0.21. Apple’s dividend payout ratio is currently 25.00%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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