Capital Insight Partners LLC Purchases 550 Shares of Apple Inc. (NASDAQ:AAPL)

Capital Insight Partners LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,689 shares of the iPhone maker’s stock after purchasing an additional 550 shares during the quarter. Apple accounts for 2.5% of Capital Insight Partners LLC’s portfolio, making the stock its 7th largest position. Capital Insight Partners LLC’s holdings in Apple were worth $12,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley grew its stake in shares of Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. International Assets Investment Management LLC grew its position in Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after acquiring an additional 70,212,651 shares during the period. Barclays PLC raised its stake in Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after acquiring an additional 2,826,709 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Apple by 4.6% during the third quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after acquiring an additional 1,696,576 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Apple by 1.7% in the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after purchasing an additional 287,329 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAPL. Wedbush restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, April 9th. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Redburn Atlantic cut 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. Maxim Group started coverage on Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. Finally, Monness Crespi & Hardt increased their target price on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Down 0.3 %

NASDAQ:AAPL opened at $169.30 on Monday. The stock has a 50-day simple moving average of $173.04 and a 200 day simple moving average of $181.83. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The company has a market cap of $2.61 trillion, a PE ratio of 26.37, a PEG ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

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

Apple Announces Dividend

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

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was 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 owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Deirdre O’brien sold 54,732 shares of the company’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 in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction 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 directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

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.