Privium Fund Management UK Ltd Purchases Shares of 5,050 Apple Inc. $AAPL

Privium Fund Management UK Ltd purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 5,050 shares of the iPhone maker’s stock, valued at approximately $1,131,000. Apple makes up 0.9% of Privium Fund Management UK Ltd’s investment portfolio, making the stock its 14th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Advanced Portfolio Management LLC grew its stake in shares of Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after purchasing an additional 47 shares during the period. Salus Financial Advisors LLC increased its holdings in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after buying an additional 49 shares during the last quarter. Disciplined Investments LLC increased its holdings in Apple by 0.7% during the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock valued at $1,794,000 after buying an additional 51 shares during the last quarter. Sharpepoint LLC increased its holdings in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after buying an additional 51 shares during the last quarter. Finally, Redwood Financial Network Corp increased its holdings in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, July 25th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $217.00 target price on shares of Apple in a report on Tuesday, July 29th. Loop Capital reduced their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. DA Davidson reaffirmed a “buy” rating and set a $250.00 target price on shares of Apple in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $239.05.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Apple Stock Down 0.0%

NASDAQ AAPL opened at $239.69 on Friday. The stock’s 50 day moving average is $219.28 and its 200 day moving average is $212.86. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a market cap of $3.56 trillion, a PE ratio of 36.37, a P/E/G ratio of 2.50 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.40 earnings per share. Research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is presently 15.78%.

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.