Apple Inc. (NASDAQ:AAPL) Shares Bought by FineMark National Bank & Trustby Kim Johansen
FineMark National Bank & Trust grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 211,873 shares of the iPhone maker’s stock after acquiring an additional 6,583 shares during the period. Apple comprises about 3.4% of FineMark National Bank & Trust’s holdings, making the stock its 4th biggest position. FineMark National Bank & Trust’s holdings in Apple were worth $53,877,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd raised its position in shares of Apple by 2,180.0% during the 4th quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 109 shares during the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple during the 4th quarter worth approximately $36,000. Stralem & Co. Inc. acquired a new position in shares of Apple during the 1st quarter worth approximately $39,000. Sycomore Asset Management acquired a new position in shares of Apple during the 1st quarter worth approximately $50,000. Finally, CXI Advisors acquired a new position in shares of Apple during the 4th quarter worth approximately $68,000. Institutional investors own 61.95% of the company’s stock.
Several research analysts recently issued reports on AAPL shares. DZ Bank restated a “buy” rating on shares of Apple in a research report on Monday, May 4th. Goldman Sachs Group reaffirmed a “sell” rating and issued a $243.00 target price on shares of Apple in a research note on Friday, May 1st. Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a research note on Thursday, January 30th. Jefferies Financial Group lifted their target price on shares of Apple from $350.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Apple from $350.00 to $320.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $303.38.
Shares of AAPL stock opened at $318.25 on Friday. Apple Inc. has a 12 month low of $170.27 and a 12 month high of $327.85. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.50 and a quick ratio of 1.46. The firm has a market capitalization of $1,396.56 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.41 and a beta of 1.17. The company’s fifty day moving average price is $294.04 and its two-hundred day moving average price is $287.10.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.29. The business had revenue of $58.31 billion for the quarter, compared to analyst estimates of $54.64 billion. Apple had a net margin of 21.35% and a return on equity of 64.49%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 12.31 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, May 8th. This is a positive change from Apple’s previous quarterly dividend of $0.77. Apple’s dividend payout ratio is 27.59%.
In other news, COO Jeffrey E. Williams sold 41,062 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $241.44, for a total value of $9,914,009.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 9,137 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $285.12, for a total transaction of $2,605,141.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,752 shares of company stock worth $24,750,125. Company insiders own 0.05% of the company’s stock.
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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