Global Retirement Partners LLC Purchases 18,535 Shares of Apple Inc. (NASDAQ:AAPL)

Global Retirement Partners LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,434 shares of the iPhone maker’s stock after buying an additional 18,535 shares during the quarter. Apple comprises 2.7% of Global Retirement Partners LLC’s portfolio, making the stock its 3rd largest position. Global Retirement Partners LLC’s holdings in Apple were worth $63,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Atlantic Private Wealth LLC bought a new position in shares of Apple during the first quarter valued at approximately $30,000. Wyrmwood Management LLC grew its holdings in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Summit Wealth Group LLC grew its holdings in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Finally, PayPay Securities Corp grew its holdings in shares of Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America raised 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 report on Thursday, January 18th. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. DZ Bank reissued a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, April 9th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.08.

Apple Stock Performance

NASDAQ AAPL opened at $176.55 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.11 and a beta of 1.27. The firm’s 50 day simple moving average is $176.70 and its 200 day simple moving average is $182.22. Apple Inc. has a 1 year low of $161.42 and a 1 year high of $199.62.

Apple (NASDAQ:AAPL) last issued its 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. The firm had revenue of $119.60 billion for 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%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. As a group, research analysts expect that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The shares were 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 owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 253,915 shares of company stock worth $44,202,868. 0.06% of the stock is owned by insiders.

Apple Company Profile

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.