Allegiance Financial Group Advisory Services LLC Purchases 1,513 Shares of Apple Inc. (NASDAQ:AAPL)

Allegiance Financial Group Advisory Services LLC increased its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,364 shares of the iPhone maker’s stock after buying an additional 1,513 shares during the period. Apple comprises about 1.4% of Allegiance Financial Group Advisory Services LLC’s holdings, making the stock its 22nd biggest position. Allegiance Financial Group Advisory Services LLC’s holdings in Apple were worth $2,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Moneta Group Investment Advisors LLC raised its position in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Norges Bank bought a new position in shares of Apple during the fourth quarter valued at about $21,746,940,000. Morgan Stanley grew its stake in shares of Apple by 14.2% during the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after buying an additional 25,926,552 shares during the last quarter. Barclays PLC grew its stake in shares of Apple by 60.0% during the second quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after buying an additional 17,604,799 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Apple by 154.9% during the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after buying an additional 14,157,430 shares during the last quarter. 58.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, 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 transaction, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the insider now directly owns 29,174 shares in the company, valued at $5,601,408. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $187.15 on Tuesday. The company has a market cap of $2.89 trillion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. Apple Inc. has a 12 month low of $143.90 and a 12 month high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company has a 50-day simple moving average of $190.46 and a 200-day simple moving average of $184.00.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Announces Dividend

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 $0.24 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Tigress Financial lifted their target price on shares of Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday, November 16th. Rosenblatt Securities restated a “neutral” rating and set a $189.00 target price on shares of Apple in a research note on Wednesday, January 31st. Piper Sandler lowered their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and upped their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Robert W. Baird upped their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. One investment 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

View Our Latest Research Report on AAPL

About Apple

(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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