Apple Inc. (NASDAQ:AAPL) is Catalyst Financial Partners LLC’s 5th Largest Position

Catalyst Financial Partners LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,992 shares of the iPhone maker’s stock after buying an additional 2,403 shares during the quarter. Apple makes up 4.7% of Catalyst Financial Partners LLC’s holdings, making the stock its 5th biggest position. Catalyst Financial Partners LLC’s holdings in Apple were worth $24,790,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. AMF Tjanstepension AB raised its holdings in Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after acquiring an additional 588,427 shares during the last quarter. Latitude Advisors LLC raised its position in Apple by 0.3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after purchasing an additional 50 shares during the period. Rodgers & Associates LTD grew its position in Apple by 1.1% in the 3rd quarter. Rodgers & Associates LTD now owns 6,541 shares of the iPhone maker’s stock valued at $1,524,000 after acquiring an additional 74 shares in the last quarter. Mattern Wealth Management LLC lifted its holdings in Apple by 0.3% during the 3rd quarter. Mattern Wealth Management LLC now owns 109,894 shares of the iPhone maker’s stock worth $25,605,000 after buying an additional 280 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Apple during the 3rd quarter worth about $53,365,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following 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. This represents a 3.19 % 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 worth $40,818,720 in the last three months. 0.06% of the stock is owned by insiders.

Apple Trading Up 1.3 %

AAPL opened at $196.79 on Friday. Apple Inc. has a 52-week low of $164.08 and a 52-week 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 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. The firm’s 50 day moving average is $220.36 and its 200-day moving average is $230.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed 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 0.51%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Wedbush reduced their price target on Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Jefferies Financial Group raised 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 report on Wednesday, April 9th. Finally, Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Two 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 MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $235.85.

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.