Apple Inc. (NASDAQ:AAPL) Shares Bought by Coston McIsaac & Partners

Coston McIsaac & Partners increased its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,764 shares of the iPhone maker’s stock after buying an additional 102 shares during the quarter. Apple accounts for approximately 4.0% of Coston McIsaac & Partners’ investment portfolio, making the stock its 4th largest position. Coston McIsaac & Partners’ holdings in Apple were worth $11,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Visionary Horizons LLC bought a new position in Apple during the 4th quarter worth approximately $908,000. Camelot Portfolios LLC raised its holdings in Apple by 31.7% during the 4th quarter. Camelot Portfolios LLC now owns 6,771 shares of the iPhone maker’s stock worth $1,304,000 after purchasing an additional 1,628 shares during the last quarter. Avid Wealth Partners LLC bought a new position in Apple during the 4th quarter worth approximately $749,000. Smallwood Wealth Investment Management LLC raised its holdings in Apple by 1.3% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 42,687 shares of the iPhone maker’s stock worth $8,219,000 after purchasing an additional 543 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in Apple by 2.4% during the 4th quarter. Ballentine Partners LLC now owns 311,144 shares of the iPhone maker’s stock worth $59,905,000 after purchasing an additional 7,275 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Loop Capital lowered their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. Barclays reiterated an “underweight” rating and issued a $158.00 price objective on shares of Apple in a research note on Tuesday. Wedbush reiterated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, April 9th. UBS Group reiterated a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. Finally, Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. One 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Trading Up 0.5 %

NASDAQ AAPL opened at $169.89 on Friday. The stock has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. 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 business’s fifty day moving average is $173.30 and its 200-day moving average is $181.85.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 EPS. Equities research analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

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. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

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.