Truewealth LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,973 shares of the iPhone maker’s stock after purchasing an additional 1,757 shares during the quarter. Apple accounts for about 2.1% of Truewealth LLC’s holdings, making the stock its 6th largest holding. Truewealth LLC’s holdings in Apple were worth $4,097,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beacon Wealthcare Inc grew its position in shares of Apple by 5.0% in the fourth quarter. Beacon Wealthcare Inc now owns 1,502 shares of the iPhone maker’s stock valued at $237,000 after purchasing an additional 71 shares in the last quarter. Ironwood Financial llc grew its position in Apple by 3.7% in the fourth quarter. Ironwood Financial llc now owns 2,879 shares of the iPhone maker’s stock worth $454,000 after acquiring an additional 104 shares during the period. Rosenbaum Jay D. grew its position in Apple by 1.1% in the fourth quarter. Rosenbaum Jay D. now owns 9,468 shares of the iPhone maker’s stock worth $1,494,000 after acquiring an additional 105 shares during the period. CKW Financial Group grew its position in Apple by 15.0% in the fourth quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock worth $127,000 after acquiring an additional 105 shares during the period. Finally, Intl Fcstone Inc. grew its position in Apple by 0.6% in the fourth quarter. Intl Fcstone Inc. now owns 18,183 shares of the iPhone maker’s stock worth $2,868,000 after acquiring an additional 112 shares during the period. 57.39% of the stock is owned by institutional investors.
In related news, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the transaction, the insider now owns 27,448 shares of the company’s stock, valued at $5,396,551.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now directly owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.
AAPL has been the subject of several analyst reports. UBS Group increased their price objective on Apple from $180.00 to $185.00 in a research report on Wednesday, January 30th. DA Davidson lowered their price objective on Apple to $260.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Apple in a research report on Thursday, January 3rd. Canaccord Genuity lowered their price target on Apple from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, January 3rd. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $200.00 price target (down from $300.00) on shares of Apple in a research report on Thursday, January 3rd. Three equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $203.88.
Shares of AAPL stock opened at $207.16 on Thursday. The stock has a market cap of $1,019.79 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.13 and a beta of 1.14. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.01. The company had revenue of $84.31 billion for the quarter, compared to analyst estimates of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. Analysts predict that Apple Inc. will post 11.37 earnings per share for the current year.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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