15,001 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Roxbury Financial LLC

Roxbury Financial LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,001 shares of the iPhone maker’s stock, valued at approximately $3,560,000. Apple accounts for 3.4% of Roxbury Financial LLC’s holdings, making the stock its 4th largest position.

Other institutional investors have also modified their holdings of the company. Amara Financial LLC. purchased a new stake in Apple during the third quarter worth approximately $288,000. Silicon Valley Capital Partners boosted its holdings in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares in the last quarter. Catalyst Financial Partners LLC grew its position in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after buying an additional 3,935 shares during the last quarter. Vestcor Inc raised its stake in Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker’s stock worth $87,501,000 after acquiring an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC lifted its position in Apple by 32.9% in the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock valued at $3,518,000 after acquiring an additional 3,736 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on AAPL shares. DA Davidson cut their target price on Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $263.00 price target on shares of Apple in a report on Thursday, April 3rd. KeyCorp raised Apple from an “underweight” rating to a “sector weight” rating in a report on Monday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.85.

Apple Price Performance

Apple stock opened at $196.79 on Monday. The stock has a market capitalization of $2.96 trillion, a P/E ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a 12-month low of $164.77 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm’s 50-day moving average is $219.65 and its two-hundred day moving average is $230.13.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.51%. Apple’s payout ratio is currently 15.87%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by company insiders.

About Apple

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.