Coerente Capital Management Purchases 154 Shares of Apple Inc. (NASDAQ:AAPL)

Coerente Capital Management increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,434 shares of the iPhone maker’s stock after acquiring an additional 154 shares during the period. Coerente Capital Management’s holdings in Apple were worth $469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlantic Private Wealth LLC bought a new position in shares of Apple in the 1st quarter worth $30,000. Wyrmwood Management LLC increased its holdings in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC increased its holdings in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Summit Wealth Group LLC increased its holdings in shares of Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after buying an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC increased its holdings in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after buying an additional 80 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 1.2 %

NASDAQ:AAPL opened at $165.00 on Friday. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company’s 50-day simple moving average is $174.67 and its 200 day simple moving average is $182.04. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 25.70, a PEG ratio of 2.03 and a beta of 1.27.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AAPL shares. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Piper Sandler decreased their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Maxim Group started coverage on shares of Apple in a research report on Wednesday. They issued a “hold” rating and a $178.00 target price on the stock. Finally, Monness Crespi & Hardt lifted their target price on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $203.34.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated 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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated 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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Company 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.