Milestone Asset Management LLC Buys 387 Shares of Apple Inc. (NASDAQ:AAPL)

Milestone Asset Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,460 shares of the iPhone maker’s stock after purchasing an additional 387 shares during the quarter. Apple comprises about 0.5% of Milestone Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Milestone Asset Management LLC’s holdings in Apple were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wyrmwood Management LLC increased its holdings in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its holdings in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of 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 acquiring an additional 210 shares in the last quarter. Cordant Inc. increased its holdings in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after acquiring an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Apple in the fourth quarter worth about $132,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AAPL. Rosenblatt Securities restated a “neutral” rating and issued a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Monness Crespi & Hardt upped their price objective on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. UBS Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of Apple in a research report on Monday, March 25th. Finally, Morgan Stanley reduced their price objective on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $169.89 on Friday. The firm has a market cap of $2.62 trillion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The business’s 50 day moving average is $173.30 and its 200-day moving average is $181.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $117.99 billion. During the same quarter last year, the company earned $1.88 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid 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%.

About Apple

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.