Apple Inc. (NASDAQ:AAPL) Shares Purchased by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 22.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,211 shares of the iPhone maker’s stock after purchasing an additional 1,696 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Apple were worth $1,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arvest Investments Inc. acquired a new stake in Apple during the 4th quarter worth $3,377,000. Pinnacle Wealth Management LLC grew its position in Apple by 17.2% during the 4th quarter. Pinnacle Wealth Management LLC now owns 15,801 shares of the iPhone maker’s stock worth $3,042,000 after purchasing an additional 2,320 shares during the last quarter. Tempus Wealth Planning LLC grew its position in Apple by 1.5% during the 4th quarter. Tempus Wealth Planning LLC now owns 40,578 shares of the iPhone maker’s stock worth $7,812,000 after purchasing an additional 585 shares during the last quarter. Compass Ion Advisors LLC grew its position in Apple by 6.0% during the 4th quarter. Compass Ion Advisors LLC now owns 26,053 shares of the iPhone maker’s stock worth $5,016,000 after purchasing an additional 1,471 shares during the last quarter. Finally, RWQ Financial Management Services Inc. grew its position in Apple by 42.1% during the 4th quarter. RWQ Financial Management Services Inc. now owns 66,272 shares of the iPhone maker’s stock worth $12,759,000 after purchasing an additional 19,629 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $169.30 on Friday. The firm has a 50 day simple moving average of $173.04 and a 200-day simple moving average of $181.81. 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 firm has a market cap of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

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

Apple Announces Dividend

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

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AAPL. Maxim Group began coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $225.00 target price on shares of Apple in a report on Friday, February 16th. Piper Sandler lowered their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

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.