Apple Inc. (NASDAQ:AAPL) Stock Holdings Boosted by Allworth Financial LP

Allworth Financial LP raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,248,954 shares of the iPhone maker’s stock after acquiring an additional 96,928 shares during the quarter. Apple accounts for approximately 1.7% of Allworth Financial LP’s portfolio, making the stock its 10th biggest position. Allworth Financial LP’s holdings in Apple were worth $312,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC increased its stake in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after buying an additional 20,483,787 shares during the period. FMR LLC raised its position in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Apple by 25,285.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after acquiring an additional 9,590,933 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Apple by 6.6% in the third 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 in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AAPL shares. Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. KeyCorp raised Apple from an “underweight” rating to a “sector weight” rating in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. Two 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, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.85.

Apple Trading Down 1.9 %

Shares of AAPL opened at $193.16 on Tuesday. Apple Inc. has a fifty-two week low of $164.77 and a fifty-two week high of $260.10. The stock has a fifty day moving average of $218.77 and a two-hundred day moving average of $229.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market capitalization of $2.90 trillion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.44 and a beta 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 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.