JSF Financial LLC Buys 12,915 Shares of Apple Inc. (NASDAQ:AAPL)

JSF Financial LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,110 shares of the iPhone maker’s stock after purchasing an additional 12,915 shares during the quarter. Apple comprises about 5.8% of JSF Financial LLC’s holdings, making the stock its 3rd largest position. JSF Financial LLC’s holdings in Apple were worth $21,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the period. FMR LLC raised its holdings in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AAPL shares. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Wedbush cut their target price on shares of Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Redburn Partners set a $230.00 price target on Apple in a research report on Friday, January 31st. Finally, Rosenblatt Securities restated a “buy” rating and set a $263.00 price objective on shares of Apple in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $240.26.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 4.1 %

AAPL opened at $198.15 on Monday. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The business has a 50 day moving average of $222.87 and a 200-day moving average of $231.16. The stock has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s dividend payout ratio is 15.87%.

Apple 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.