TigerOak Management L.L.C. Buys Shares of 101,936 Apple Inc. (NASDAQ:AAPL)

TigerOak Management L.L.C. purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 101,936 shares of the iPhone maker’s stock, valued at approximately $25,527,000. Apple accounts for about 9.3% of TigerOak Management L.L.C.’s portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Compton Financial Group LLC lifted its position in shares of Apple by 5.7% during the 4th quarter. Compton Financial Group LLC now owns 5,755 shares of the iPhone maker’s stock worth $1,441,000 after buying an additional 309 shares during the last quarter. Bluestem Financial Advisors LLC raised its stake in Apple by 3.1% during the fourth quarter. Bluestem Financial Advisors LLC now owns 3,101 shares of the iPhone maker’s stock worth $777,000 after acquiring an additional 94 shares in the last quarter. Puff Wealth Management LLC bought a new position in shares of Apple in the fourth quarter worth about $5,236,000. Tanglewood Legacy Advisors LLC boosted its stake in shares of Apple by 16.5% in the 4th quarter. Tanglewood Legacy Advisors LLC now owns 16,620 shares of the iPhone maker’s stock valued at $4,162,000 after purchasing an additional 2,357 shares in the last quarter. Finally, Highland Financial Advisors LLC grew its holdings in shares of Apple by 10.7% during the 4th quarter. Highland Financial Advisors LLC now owns 6,884 shares of the iPhone maker’s stock valued at $1,724,000 after purchasing an additional 663 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $196.79 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $219.65 and a two-hundred day simple moving average of $230.13. Apple Inc. has a 12 month low of $164.77 and a 12 month high of $260.10. The firm has a market capitalization of $2.96 trillion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on AAPL shares. Sanford C. Bernstein raised their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Bank of America cut their price objective on Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Redburn Partners set a $230.00 target price on Apple in a report on Friday, January 31st. Raymond James lifted their price target on Apple to $250.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.85.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of Apple 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock worth $40,818,720 over the last 90 days. 0.06% of the stock is currently owned by corporate 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.