Apple Inc. (NASDAQ:AAPL) Position Boosted by Cooper Financial Group

Cooper Financial Group lifted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,782 shares of the iPhone maker’s stock after buying an additional 4,122 shares during the period. Apple makes up approximately 5.1% of Cooper Financial Group’s portfolio, making the stock its biggest holding. Cooper Financial Group’s holdings in Apple were worth $28,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IFM Investors Pty Ltd raised its holdings in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the period. Markel Corp raised its holdings in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the period. Camden Capital LLC raised its holdings in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC raised its holdings in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AAPL shares. Piper Sandler Companies cut shares of Apple to a “neutral” rating and lowered their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their target price for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered their target price on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $189.00 target price on shares of Apple in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $204.23.

Get Our Latest Research Report on Apple

Apple Stock Up 0.5 %

Shares of NASDAQ:AAPL opened at $169.65 on Thursday. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. The firm has a fifty day moving average of $179.75 and a 200 day moving average of $182.55. The firm has a market capitalization of $2.62 trillion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 2.05 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:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.57%. Apple’s payout ratio is 14.95%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $18,094,000.00. Following 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 sold a total of 253,915 shares of company stock worth $44,202,868 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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