LCM Capital Management Inc increased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,073 shares of the iPhone maker’s stock after purchasing an additional 243 shares during the period. Apple accounts for 5.6% of LCM Capital Management Inc’s holdings, making the stock its 4th biggest holding. LCM Capital Management Inc’s holdings in Apple were worth $5,726,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. MKT Advisors LLC lifted its stake in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the last quarter. Silver Oak Advisory Group Inc. raised its stake in shares of Apple by 1.8% during the 2nd quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock worth $537,000 after acquiring an additional 69 shares in the last quarter. Refined Wealth Management raised its stake in shares of Apple by 0.6% during the 3rd quarter. Refined Wealth Management now owns 11,196 shares of the iPhone maker’s stock worth $1,547,000 after acquiring an additional 70 shares in the last quarter. 3D L Capital Management LLC raised its stake in shares of Apple by 2.9% during the 1st quarter. 3D L Capital Management LLC now owns 2,445 shares of the iPhone maker’s stock worth $427,000 after acquiring an additional 70 shares in the last quarter. Finally, Weik Capital Management grew its stake in Apple by 0.3% during the 1st quarter. Weik Capital Management now owns 25,238 shares of the iPhone maker’s stock worth $4,407,000 after buying an additional 70 shares during the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Apple Stock Up 0.0 %
AAPL stock opened at $165.23 on Tuesday. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 28.05, a P/E/G ratio of 2.19 and a beta of 1.30. The firm has a 50-day simple moving average of $155.46 and a 200-day simple moving average of $146.27. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $176.15.
Apple Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.62%.
Insider Transactions at Apple
In other news, CFO Luca Maestri sold 69,996 shares of the firm’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $165.25, for a total value of $11,566,839.00. Following the transaction, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at $17,790,980.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Deirdre O’brien sold 43,622 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $165.41, for a total value of $7,215,515.02. Following the completion of the sale, the senior vice president now owns 136,444 shares of the company’s stock, valued at $22,569,202.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 69,996 shares of the company’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $165.25, for a total transaction of $11,566,839.00. Following the completion of the sale, the chief financial officer now directly owns 107,661 shares of the company’s stock, valued at approximately $17,790,980.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,437 shares of company stock valued at $70,994,677. Corporate insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Apple from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, April 13th. Sanford C. Bernstein set a $125.00 price objective on Apple in a research note on Tuesday, January 24th. Morgan Stanley increased their price target on shares of Apple from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. DA Davidson lifted their price objective on shares of Apple from $167.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Evercore ISI restated an “outperform” rating and set a $190.00 price objective on shares of Apple in a research note on Monday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.38.
About Apple
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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