Apple Inc. (NASDAQ:AAPL) Shares Acquired by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,366 shares of the iPhone maker’s stock after purchasing an additional 3,006 shares during the period. Apple comprises about 0.9% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 17th largest position. Blue Bell Private Wealth Management LLC’s holdings in Apple were worth $3,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wyrmwood Management LLC increased its position in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC increased its position in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the period. PayPay Securities Corp increased its position in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares during the period. Cordant Inc. increased its position in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Apple in the 4th quarter valued at about $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AAPL. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and boosted their price target for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Piper Sandler dropped their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 price objective on shares of Apple in a report on Tuesday, March 5th. Piper Sandler Companies lowered Apple to a “neutral” rating and lowered their price objective for the company from $220.00 to $205.00 in a report on Thursday, January 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $202.62.

Apple Trading Down 0.6 %

Shares of AAPL opened at $169.30 on Thursday. The stock has a fifty day moving average of $172.38 and a two-hundred day moving average of $181.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62.

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, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 EPS. As a group, analysts forecast that Apple Inc. will post 6.54 EPS for the current year.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on 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 directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock worth $63,653,887. Insiders own 0.06% of the company’s stock.

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.