TCP Asset Management LLC Boosts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

TCP Asset Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,815 shares of the iPhone maker’s stock after buying an additional 82 shares during the period. Apple accounts for about 0.6% of TCP Asset Management LLC’s portfolio, making the stock its 29th largest holding. TCP Asset Management LLC’s holdings in Apple were worth $1,697,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAPL. Wyrmwood Management LLC boosted its holdings in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Atlantic Private Wealth LLC acquired a new position in Apple in the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP lifted its holdings in Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the last quarter. West Tower Group LLC acquired a new position in Apple in the second quarter valued at approximately $64,000. Finally, HBC Financial Services PLLC lifted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

NASDAQ AAPL opened at $170.85 on Tuesday. 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 firm has a market capitalization of $2.64 trillion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.08 and a beta of 1.29. The company’s fifty day moving average is $182.26 and its two-hundred day moving average is $182.83. Apple Inc. has a 52-week low of $155.98 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the firm posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and upped their price target for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. Oppenheimer reiterated an “outperform” rating and set a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. The Goldman Sachs Group lifted their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays lowered their price target on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. Finally, Piper Sandler Companies lowered Apple to a “neutral” rating and lowered their price target 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 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.27.

Read Our Latest Research Report on Apple

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

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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