GPS Wealth Strategies Group LLC Has $26.55 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

GPS Wealth Strategies Group LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 137,883 shares of the iPhone maker’s stock after acquiring an additional 233 shares during the period. Apple makes up 4.8% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 4th biggest position. GPS Wealth Strategies Group LLC’s holdings in Apple were worth $26,547,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. IFM Investors Pty Ltd lifted its stake in Apple by 20.0% in the first 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 last quarter. Ironwood Wealth Management LLC. lifted its stake in Apple by 0.4% in the first 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 last quarter. Markel Corp lifted its stake in Apple by 0.7% in the first 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 last quarter. Camden Capital LLC lifted its stake in Apple by 9.2% in the first 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 last quarter. Finally, Harbor Island Capital LLC lifted its stake in Apple by 0.3% in the first 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 last quarter. 60.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent research reports. Barclays lowered their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Piper Sandler decreased their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Oppenheimer restated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. Finally, Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.23.

Get Our Latest Research Report on AAPL

Insider Transactions at Apple

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 shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the 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 transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the 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 transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,915 shares of company stock worth $44,202,868. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

Shares of NASDAQ AAPL opened at $169.65 on Thursday. The firm’s 50 day moving average price is $179.75 and its 200-day moving average price is $182.55. The company has a market cap of $2.62 trillion, a PE ratio of 26.43, a P/E/G ratio of 2.05 and a beta of 1.27. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. 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 issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. On average, equities research analysts expect that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders 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 dividend yield of 0.57%. Apple’s dividend payout ratio is presently 14.95%.

Apple Company 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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