Red Cedar Investment Management LLC Purchases 274 Shares of Apple Inc. (NASDAQ:AAPL)

Red Cedar Investment Management LLC grew its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,856 shares of the iPhone maker’s stock after buying an additional 274 shares during the quarter. Apple accounts for about 0.7% of Red Cedar Investment Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Red Cedar Investment Management LLC’s holdings in Apple were worth $4,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bernardo Wealth Planning LLC boosted its holdings in Apple by 0.5% during the third quarter. Bernardo Wealth Planning LLC now owns 37,182 shares of the iPhone maker’s stock worth $6,366,000 after purchasing an additional 202 shares during the last quarter. Octavia Wealth Advisors LLC boosted its holdings in Apple by 3.0% during the third quarter. Octavia Wealth Advisors LLC now owns 196,454 shares of the iPhone maker’s stock worth $33,635,000 after purchasing an additional 5,671 shares during the last quarter. Little House Capital LLC boosted its holdings in Apple by 5.2% during the third quarter. Little House Capital LLC now owns 88,061 shares of the iPhone maker’s stock worth $15,077,000 after purchasing an additional 4,347 shares during the last quarter. Mainsail Financial Group LLC boosted its holdings in Apple by 10.1% during the third quarter. Mainsail Financial Group LLC now owns 6,175 shares of the iPhone maker’s stock worth $1,073,000 after purchasing an additional 568 shares during the last quarter. Finally, Blodgett Wealth Advisors LLC boosted its holdings in Apple by 0.5% during the third quarter. Blodgett Wealth Advisors LLC now owns 71,083 shares of the iPhone maker’s stock worth $12,170,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. DA Davidson assumed coverage on shares of Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Piper Sandler dropped their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research report on Wednesday, January 31st. The Goldman Sachs Group upped 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. Finally, Robert W. Baird upped their price target on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $205.72.

Get Our Latest Research Report on AAPL

Apple Stock Down 0.6 %

Shares of NASDAQ AAPL opened at $188.32 on Friday. The company has a market capitalization of $2.91 trillion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. The company’s 50 day moving average price is $190.56 and its 200-day moving average price is $184.21. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $143.90 and a 52-week high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 EPS. Equities analysts forecast that Apple Inc. will post 6.58 earnings per share for the current year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In other news, insider Chris Kondo sold 5,513 shares of the company’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 completion of the sale, the insider now owns 29,174 shares in the company, valued at approximately $5,601,408. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Chris Kondo sold 5,513 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 29,174 shares in the company, valued at $5,601,408. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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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