Apple Inc. (NASDAQ:AAPL) Shares Acquired by Capital Market Strategies LLC

Capital Market Strategies LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,982 shares of the iPhone maker’s stock after buying an additional 50 shares during the quarter. Apple accounts for 9.4% of Capital Market Strategies LLC’s investment portfolio, making the stock its largest holding. Capital Market Strategies LLC’s holdings in Apple were worth $16,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. O Connor Financial Group LLC raised its holdings in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after buying an additional 41 shares during the last quarter. Silverleafe Capital Partners LLC raised its holdings in shares of Apple by 1.5% in the fourth quarter. Silverleafe Capital Partners LLC now owns 66,490 shares of the iPhone maker’s stock valued at $16,651,000 after purchasing an additional 962 shares during the last quarter. Burkett Financial Services LLC increased its stake in Apple by 1.9% in the 4th quarter. Burkett Financial Services LLC now owns 14,308 shares of the iPhone maker’s stock valued at $3,583,000 after buying an additional 264 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Apple by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 524,466 shares of the iPhone maker’s stock worth $131,337,000 after buying an additional 14,111 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Apple by 7.7% during the 4th quarter. Nordea Investment Management AB now owns 21,051,418 shares of the iPhone maker’s stock worth $5,301,379,000 after purchasing an additional 1,503,647 shares during the period. 67.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. Finally, Raymond James increased their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Apple Trading Up 1.3 %

AAPL stock opened at $244.60 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50 day simple moving average of $240.70 and a two-hundred day simple moving average of $231.75. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.