Park Capital Management LLC WI Makes New $6.28 Million Investment in Apple Inc. (NASDAQ:AAPL)

Park Capital Management LLC WI purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 25,074 shares of the iPhone maker’s stock, valued at approximately $6,279,000. Apple makes up approximately 7.5% of Park Capital Management LLC WI’s holdings, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Drystone LLC bought a new stake in Apple during the fourth quarter valued at $25,000. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC bought a new position in Apple in the third quarter worth about $110,000. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research note on Monday. Moffett Nathanson restated a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and lowered their target price for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $235.85.

Apple Price Performance

Shares of AAPL stock opened at $194.27 on Thursday. The firm has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a fifty day moving average of $220.98 and a 200-day moving average of $230.53.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value 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 approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is owned by insiders.

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.