Apple Inc. (NASDAQ:AAPL) is Perfromance Wealth Partners LLC’s Largest Position

Perfromance Wealth Partners LLC raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,093,085 shares of the iPhone maker’s stock after buying an additional 1,106 shares during the quarter. Apple comprises approximately 34.6% of Perfromance Wealth Partners LLC’s portfolio, making the stock its biggest position. Perfromance Wealth Partners LLC’s holdings in Apple were worth $788,042,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wyrmwood Management LLC raised its position in shares of Apple by 69.0% in 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 purchased a new position in shares of Apple in the 1st quarter worth about $30,000. Gilfoyle & Co LLC raised its position in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. Cheyne Capital Management UK LLP raised its position in shares of Apple by 200.0% in the 3rd 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 during the last quarter. Finally, HBC Financial Services PLLC raised its position in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAPL. UBS Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, March 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Apple in a research report on Tuesday. DZ Bank reaffirmed a “hold” rating and issued a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Citigroup reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.34.

Apple Trading Down 1.2 %

AAPL stock opened at $165.00 on Friday. Apple Inc. has a 1-year low of $162.80 and a 1-year 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 market capitalization of $2.55 trillion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.03 and a beta of 1.27. The business has a 50 day simple moving average of $174.67 and a two-hundred day simple moving average of $182.04.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping 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 business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.58%. Apple’s payout ratio is 14.95%.

Apple 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.