Cook Wealth Management Group LLC Has $1.47 Million Position in Apple Inc. (NASDAQ:AAPL)

Cook Wealth Management Group LLC raised its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 112.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,784 shares of the iPhone maker’s stock after acquiring an additional 4,654 shares during the period. Apple makes up 1.1% of Cook Wealth Management Group LLC’s portfolio, making the stock its 12th biggest holding. Cook Wealth Management Group LLC’s holdings in Apple were worth $1,466,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Atlantic Private Wealth LLC bought a new stake in shares of Apple in the first quarter valued at about $30,000. Cheyne Capital Management UK LLP raised its position in Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. West Tower Group LLC acquired a new position in Apple in the second quarter worth about $64,000. HBC Financial Services PLLC raised its position in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Finally, PayPay Securities Corp raised its position in Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $55,365,688.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction dated 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 transaction, 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. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $187.15 on Tuesday. The business’s 50-day moving average price is $190.46 and its two-hundred day moving average price is $184.00. Apple Inc. has a 1 year low of $143.90 and a 1 year high of $199.62. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.27 and a beta of 1.31. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $117.99 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.56 EPS for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Robert W. Baird increased 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. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Apple in a research report on Friday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Apple in a research report on Monday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Finally, Piper Sandler Companies lowered shares of Apple to a “neutral” rating and dropped their price objective for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.72.

Read Our Latest Research Report on AAPL

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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