Apple Inc. (NASDAQ:AAPL) Shares Purchased by Matrix Trust Co

Matrix Trust Co increased its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,855 shares of the iPhone maker’s stock after purchasing an additional 357 shares during the quarter. Apple makes up approximately 0.5% of Matrix Trust Co’s portfolio, making the stock its 20th largest position. Matrix Trust Co’s holdings in Apple were worth $2,030,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AAPL. Parker Financial LLC increased its position in Apple by 1.2% during the 2nd quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock worth $881,000 after buying an additional 54 shares during the period. Mokosak Advisory Group LLC boosted its stake in Apple by 1.1% in the second quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock valued at $1,079,000 after buying an additional 59 shares in the last quarter. Kraft Davis & Associates LLC grew its holdings in shares of Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the last quarter. MKT Advisors LLC grew its holdings in shares of Apple by 0.5% during the second 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. Finally, Cassia Capital Partners LLC lifted its stake in shares of Apple by 1.2% in the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock worth $892,000 after acquiring an additional 60 shares during the period. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research note on Monday, October 30th. The Goldman Sachs Group boosted their price target on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Tigress Financial upped their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 16th. Piper Sandler Companies lowered Apple to a “neutral” rating and lowered their target price for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, Jefferies Financial Group lowered their target price on Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Analysis on AAPL

Apple Price Performance

Shares of Apple stock opened at $188.32 on Friday. The stock’s 50-day simple moving average is $190.56 and its 200-day simple moving average is $184.21. Apple Inc. has a 52 week low of $143.90 and a 52 week high of $199.62. The company has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.27 and a beta of 1.31. 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 (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data 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 business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. Apple’s dividend payout ratio is presently 14.95%.

Insider Buying and Selling

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

Apple Company 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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