Apple Inc. (NASDAQ:AAPL) Shares Acquired by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1,954.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 480,552 shares of the iPhone maker’s stock after purchasing an additional 457,165 shares during the quarter. Apple accounts for about 1.4% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 23rd largest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in Apple were worth $82,270,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC acquired a new stake in Apple in the first quarter worth $30,000. Cheyne Capital Management UK LLP increased its holdings in shares of Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after acquiring an additional 550 shares during the period. West Tower Group LLC bought a new stake in Apple in the 2nd quarter valued at about $64,000. HBC Financial Services PLLC boosted its stake in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the period. Finally, Clear Perspectives Financial Planning LLC grew its position in Apple by 27.3% in the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AAPL shares. Bank of America raised Apple from a “neutral” rating to a “buy” rating and lifted their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. KeyCorp reissued a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Apple in a research note on Friday, February 2nd. Robert W. Baird increased their target price on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.72.

Check Out Our Latest Stock Report on AAPL

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the sale, the insider now directly owns 29,174 shares in the company, valued at approximately $5,601,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the transaction, the senior vice president now owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the sale, the insider now owns 29,174 shares of the company’s stock, valued at approximately $5,601,408. The disclosure for this sale can be found here. Insiders sold a total of 133,767 shares of company stock worth $25,248,740 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 0.1 %

NASDAQ:AAPL opened at $189.41 on Thursday. The company’s 50 day moving average is $190.59 and its 200-day moving average is $184.18. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12 month low of $143.90 and a 12 month high of $199.62. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.25 and a beta of 1.31.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter last year, the firm posted $1.88 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 6.57 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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