Apple Inc. (NASDAQ:AAPL) Stock Position Lifted by Strategic Wealth Partners Ltd.


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Strategic Wealth Partners Ltd. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,221 shares of the iPhone maker’s stock after buying an additional 792 shares during the period. Apple makes up approximately 2.6% of Strategic Wealth Partners Ltd.’s holdings, making the stock its 9th largest holding. Strategic Wealth Partners Ltd.’s holdings in Apple were worth $6,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. US Financial Advisors LLC purchased a new position in Apple during the 4th quarter valued at about $2,302,000. NovaPoint Capital LLC increased its holdings in Apple by 8.9% during the 4th quarter. NovaPoint Capital LLC now owns 46,608 shares of the iPhone maker’s stock valued at $6,184,000 after purchasing an additional 3,824 shares during the period. Symmetry Partners LLC increased its holdings in Apple by 0.5% during the 4th quarter. Symmetry Partners LLC now owns 271,514 shares of the iPhone maker’s stock valued at $36,027,000 after purchasing an additional 1,251 shares during the period. Professional Planning increased its holdings in Apple by 5.3% during the 4th quarter. Professional Planning now owns 225,871 shares of the iPhone maker’s stock valued at $29,971,000 after purchasing an additional 11,307 shares during the period. Finally, Eudaimonia Partners LLC increased its holdings in Apple by 2.3% during the 4th quarter. Eudaimonia Partners LLC now owns 207,578 shares of the iPhone maker’s stock valued at $27,543,000 after purchasing an additional 4,763 shares during the period. Hedge funds and other institutional investors own 57.77% of the company’s stock.

In related news, COO Jeffrey E. Williams sold 133,867 shares of the company’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $125.74, for a total value of $16,832,436.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

AAPL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. set a $150.00 price target on Apple and gave the company a “buy” rating in a report on Thursday, March 11th. Cascend Securities boosted their price target on Apple from $140.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 26th. Needham & Company LLC lifted their price objective on Apple from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, January 28th. Piper Sandler lifted their price objective on Apple from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, January 28th. Finally, Morgan Stanley lifted their price objective on Apple from $156.00 to $164.00 and gave the company an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $135.03.

NASDAQ:AAPL opened at $127.90 on Thursday. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 2.75 and a beta of 1.28. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. The business has a fifty day moving average price of $123.20 and a 200-day moving average price of $123.53. Apple Inc. has a one year low of $65.31 and a one year high of $145.09.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.27. The company had revenue of $111.40 billion during the quarter, compared to the consensus estimate of $103.24 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. Apple’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. On average, equities research analysts expect that Apple Inc. will post 4.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Investors of record on Monday, February 8th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Friday, February 5th. Apple’s dividend payout ratio is currently 25.00%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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