Apple Inc. (NASDAQ:AAPL) Shares Acquired by Boit C F David

Boit C F David boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,002 shares of the iPhone maker’s stock after buying an additional 4,600 shares during the quarter. Apple accounts for about 3.1% of Boit C F David’s investment portfolio, making the stock its 9th largest position. Boit C F David’s holdings in Apple were worth $5,528,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AAPL. Conservest Capital Advisors Inc. increased its holdings in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares during the last quarter. High Pines Wealth Management LLC grew its holdings in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares during the last quarter. Kraft Davis & Associates LLC raised its position in shares of Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after purchasing an additional 59 shares during the period. Asset Planning Corporation boosted its holdings in shares of Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares during the period. Finally, Columbus Macro LLC grew its stake in Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after buying an additional 59 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DA Davidson began coverage on shares of Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 10th. DZ Bank restated a “hold” rating and issued a $180.00 price objective on shares of Apple in a research note on Thursday, March 28th. Finally, Monness Crespi & Hardt upped their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Price Performance

AAPL opened at $169.30 on Monday. 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 stock has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The company’s 50 day simple moving average is $173.04 and its 200-day simple moving average is $181.83. Apple Inc. has a one year low of $164.07 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the firm earned $1.88 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction 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 completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s 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 sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by insiders.

About Apple

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.