Apple Inc. $AAPL Shares Bought by Cura Wealth Advisors LLC

Cura Wealth Advisors LLC raised its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,664 shares of the iPhone maker’s stock after acquiring an additional 2,907 shares during the period. Apple accounts for about 1.9% of Cura Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. Cura Wealth Advisors LLC’s holdings in Apple were worth $5,074,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Tyche Wealth Partners LLC increased its holdings in shares of Apple by 4.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 131,301 shares of the iPhone maker’s stock worth $35,696,000 after buying an additional 5,830 shares during the last quarter. Natural Investments LLC increased its holdings in shares of Apple by 4.5% during the 4th quarter. Natural Investments LLC now owns 96,528 shares of the iPhone maker’s stock worth $26,242,000 after buying an additional 4,120 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of Apple by 7.1% during the 4th quarter. Oak Ridge Investments LLC now owns 592,599 shares of the iPhone maker’s stock worth $161,104,000 after buying an additional 39,441 shares during the last quarter. Cove Private Wealth LLC increased its holdings in shares of Apple by 5.9% during the 4th quarter. Cove Private Wealth LLC now owns 118,587 shares of the iPhone maker’s stock worth $32,239,000 after buying an additional 6,590 shares during the last quarter. Finally, Keener Financial Planning LLC increased its holdings in shares of Apple by 39.4% during the 4th quarter. Keener Financial Planning LLC now owns 11,276 shares of the iPhone maker’s stock worth $3,065,000 after buying an additional 3,187 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 96,485 shares of company stock worth $24,594,845. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Apple in a report on Tuesday, April 21st. KGI Securities upgraded Apple to an “outperform” rating and set a $306.00 price objective for the company in a report on Friday, January 30th. Needham & Company LLC restated a “hold” rating on shares of Apple in a report on Friday, May 1st. KeyCorp restated a “sector weight” rating on shares of Apple in a report on Thursday, March 12th. Finally, Moffett Nathanson upped their price objective on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $304.31.

Read Our Latest Analysis on Apple

Apple Stock Up 1.2%

Shares of NASDAQ AAPL opened at $287.52 on Thursday. Apple Inc. has a 12-month low of $193.25 and a 12-month high of $288.62. The company has a market cap of $4.22 trillion, a P/E ratio of 34.77, a P/E/G ratio of 2.48 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a fifty day moving average price of $261.55 and a 200 day moving average price of $265.79.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The firm had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the prior year, the firm earned $1.65 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.73 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a $0.27 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is currently 13.06%.

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About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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