Miller Wealth Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 22.0% in the fourth quarter, according to the company’s latest filings with the US Securities and Exchange Commission. The company owned his 236,616 shares of the iPhone maker’s stock after purchasing an additional 42,684 shares during the period. Apple accounts for his 21.6% of Miller Wealth Advisors LLC investment portfolio, making the stock his third largest holding. Miller Wealth Advisors LLC’s stake in Apple was valued at $31,052,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares in AAPL. Cassia Capital Partners LLC increased his stake in Apple by 24.3% in the fourth quarter. Cassia Capital Partners LLC now owns 5,009 shares of the iPhone maker worth $651,000 after acquiring an additional 979 shares in the previous quarter. Hoxton Planning & Management LLC purchased approximately $3,148,000 worth of new Apple stock in the fourth quarter. Blueshift Asset Management LLC purchased approximately $563,000 worth of new Apple stock in the third quarter. Mayflower Financial Advisors LLC increased his stake in Apple by 4.4% in the fourth quarter. Mayflower Financial Advisors LLC now owns 105,200 shares of the iPhone maker worth $13,072,000 after purchasing an additional 4,402 shares of him last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Apple shares by 0.3% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 243,334 shares of the iPhone maker worth $33,629,000 after purchasing an additional 677 shares in the previous quarter. Institutional investors and hedge funds own 57.60% of the company’s shares.
apple price performance
Apple shares Wednesday opened at $163.77. His 50-day simple moving average for this business is $157.32 and his 200-day simple moving average is $147.39. The stock has a market cap of $2.59 trillion, a price/earnings ratio of 27.80, a P/E/G ratio of 2.19, and a beta of 1.30. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $176.15. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt to equity ratio of 1.76.
Apple (NASDAQ:AAPL – Get Rating) last reported quarterly results on Thursday, February 2nd. The iPhone maker reported quarterly earnings per share (EPS) of $1.88, missing consensus expectations of $1.93 ($0.05), but the company posted earnings per share (EPS) of $1,171.5 during the quarter, compared to consensus estimates of $121.67 billion. made billions of dollars in revenue. Apple’s net profit margin was 24.56% and return on equity was 163.45%. Apple’s revenue fell 5.5% year-on-year. During the same quarter last year, the business earned his EPS of $2.10. As a group, research analysts expect Apple Inc. to post earnings per share of 6.01 this year.
Apple raises dividend
The company recently announced a quarterly dividend, which was paid out on Thursday, February 16th. Shareholders of record on Monday, February 13 were paid a dividend of $0.23. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10. This represents an annualized dividend of $0.92 and a yield of 0.56%. Apple’s payout ratio is currently 15.62%.
Analyst Rating Change
Several equity research analysts recently commented on the AAPL stock. Credit Suisse Group has raised Apple’s price target from $184.00 to $188.00, giving it an “excellent” rating in its research notes on Thursday, April 13th. In his Monday, April 17 research note, Wedbush reissued an “outperform” rating and issued his $205.00 price target on Apple stock. Needham & Company LLC restated its “Buy” rating and announced a price target of $170.00 on Apple stock in its report on Thursday, March 30. Deutsche Bank Aktiengesellschaft set Apple’s price target at $160.00 in a report on Friday, February 3. Finally, Jefferies Financial Group reiterated its “buy” rating in its Thursday, March 2 report, setting a target price for Apple stock at $195.00. Two analysts rated the stock with a sell rating, five gave a hold rating, and 26 analysts issued a buy rating to the company. According to MarketBeat.com, the company’s current average rating is “moderate buy” with an average target price of $169.82.
Insider trading at Apple
In other news, COO Jeffrey E. Williams sold 77,817 shares of the company in a transaction on Tuesday, April 4th. The shares sold for an average of $166.11, and the total transaction value he had was $12,926,181.87. After the sale, the Chief Operating Officer now owns 489,816 shares of the company’s stock valued at $81,363,335.76. The transaction is disclosed in legal documents to the SEC, available on his website. In related news, CEO Timothy D. Cook sold his 56,072 shares in a transaction on Monday, April 3rd. The shares were sold at an average price of $165.17, with a total transaction value of $9,261,412.24 for him. Following the closing of the transaction, the CEO now directly owns 3,280,052 shares of the company’s stock, valued at his $541,766,188.84. The transaction was disclosed in SEC filings, which can be accessed at this link. COO Jeffrey E. Williams also sold 77,817 shares of the company in a transaction that took place on Tuesday, April 4th. The shares sold at an average price of $166.11, giving him a total of $12,926,181.87. Following the closing of the transaction, the Chief Operating Officer now owns 489,816 shares of the Company’s stock valued at $81,363,335.76. Please see here for the disclosure of this sale. In the last quarter, the insider sold 435,437 shares of his company worth $70,994,677. His 0.06% of the shares are now owned by insiders.
Apple, Inc. designs, manufactures, sells, and provides various other related services for smartphones, personal computers, tablets, wearables and accessories. It operates in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific geographic segments. The Americas segment includes North America and South America.
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