Tamar Securities LLC Buys 17,880 Shares of Apple Inc. (NASDAQ:AAPL)

Tamar Securities LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,827 shares of the iPhone maker’s stock after acquiring an additional 17,880 shares during the period. Apple comprises 4.3% of Tamar Securities LLC’s holdings, making the stock its 6th largest position. Tamar Securities LLC’s holdings in Apple were worth $21,915,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wyrmwood Management LLC grew its holdings in Apple by 69.0% in 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 period. Gilfoyle & Co LLC grew its holdings in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp grew its holdings in Apple by 70.2% in 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 period. Cordant Inc. grew its holdings in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares during the period. Finally, Life Planning Partners Inc acquired a new stake in Apple in the fourth quarter valued at approximately $132,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’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 sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. Morgan Stanley dropped their price objective on Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. Maxim Group started coverage on Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price target on the stock. The Goldman Sachs Group lifted their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Citigroup lowered their price target on Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $202.62.

Apple Price Performance

AAPL stock opened at $170.33 on Wednesday. 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 company has a market capitalization of $2.63 trillion, a PE ratio of 26.53, a P/E/G ratio of 2.04 and a beta of 1.27. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The business’s fifty day moving average price is $172.64 and its 200 day moving average price is $181.71.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

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

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.