Ferguson Shapiro LLC Buys 4,563 Shares of Apple Inc. (NASDAQ:AAPL)

Ferguson Shapiro LLC boosted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 29.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,257 shares of the iPhone maker’s stock after purchasing an additional 4,563 shares during the period. Apple comprises about 1.8% of Ferguson Shapiro LLC’s holdings, making the stock its 12th largest holding. Ferguson Shapiro LLC’s holdings in Apple were worth $3,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. IFM Investors Pty Ltd increased its position in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. increased its position in Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after acquiring an additional 1,040 shares during the period. Markel Corp increased its position in shares of Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the period. Camden Capital LLC increased its position in shares of Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC increased its position in shares of Apple by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after buying an additional 400 shares during the period. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. DZ Bank reiterated a “hold” rating and set a $180.00 price objective on shares of Apple in a research report on Thursday, March 28th. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Oppenheimer reissued an “outperform” rating and set a $200.00 target price on shares of Apple in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned 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, Apple presently has an average rating of “Moderate Buy” and an average price target of $204.23.

Get Our Latest Analysis on AAPL

Apple Stock Up 0.5 %

AAPL opened at $169.65 on Thursday. 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’s 50-day moving average is $179.75 and its 200 day moving average is $182.55. Apple Inc. has a fifty-two week low of $159.78 and a fifty-two week high of $199.62. The firm has a market capitalization of $2.62 trillion, a P/E ratio of 26.43, a PEG ratio of 2.05 and a beta of 1.27.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period last year, the firm earned $1.88 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,915 shares of company stock valued at $44,202,868. Company insiders own 0.06% of the company’s stock.

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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