Bluestem Financial Advisors LLC Acquires 94 Shares of Apple Inc. (NASDAQ:AAPL)

Bluestem Financial Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,101 shares of the iPhone maker’s stock after purchasing an additional 94 shares during the period. Apple accounts for approximately 0.4% of Bluestem Financial Advisors LLC’s portfolio, making the stock its 22nd largest position. Bluestem Financial Advisors LLC’s holdings in Apple were worth $777,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Drystone LLC bought a new stake in Apple in the 4th quarter valued at $25,000. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the third quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the third quarter worth about $110,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

AAPL opened at $196.79 on Monday. The company has a fifty day simple moving average of $219.65 and a 200 day simple moving average of $230.13. 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 stock has a market cap 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.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Raymond James upped their price target on Apple to $250.00 and gave the company a “buy” rating in a research report on Friday, April 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.85.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of Apple 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. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 0.06% of the company’s stock.

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.