Apple Inc. (NASDAQ:AAPL) Holdings Raised by PFG Investments LLC

PFG Investments LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 171.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,303 shares of the iPhone maker’s stock after buying an additional 375,070 shares during the period. Apple comprises approximately 6.2% of PFG Investments LLC’s holdings, making the stock its biggest holding. PFG Investments LLC’s holdings in Apple were worth $101,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caliber Wealth Management LLC grew its holdings in Apple by 4.3% during the 3rd quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock worth $2,818,000 after acquiring an additional 680 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in Apple by 72.5% during the 3rd quarter. Janiczek Wealth Management LLC now owns 35,821 shares of the iPhone maker’s stock worth $6,133,000 after acquiring an additional 15,056 shares in the last quarter. HB Wealth Management LLC grew its holdings in Apple by 7.4% during the 3rd quarter. HB Wealth Management LLC now owns 906,664 shares of the iPhone maker’s stock worth $155,230,000 after acquiring an additional 62,513 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in Apple by 12.9% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 52,566 shares of the iPhone maker’s stock worth $9,000,000 after acquiring an additional 6,013 shares in the last quarter. Finally, Capital Investment Services of America Inc. grew its holdings in Apple by 2.5% during the 3rd quarter. Capital Investment Services of America Inc. now owns 9,938 shares of the iPhone maker’s stock worth $1,702,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AAPL. Citigroup decreased their price objective on shares of Apple from $220.00 to $210.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler Companies lowered shares of Apple to a “neutral” rating and decreased their price target for the company from $220.00 to $205.00 in a report on Thursday, January 4th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. The Goldman Sachs Group lifted their price target on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $202.62.

Apple Stock Down 1.8 %

AAPL traded down $3.17 on Tuesday, reaching $170.33. 65,843,830 shares of the company traded hands, compared to its average volume of 60,583,082. The stock’s 50 day moving average price is $172.64 and its 200-day moving average price is $181.71. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The company has a market cap of $2.63 trillion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.