Apple Inc. (NASDAQ:AAPL) Shares Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,313 shares of the iPhone maker’s stock after purchasing an additional 2,429 shares during the quarter. Apple makes up about 5.3% of Aurora Private Wealth Inc.’s portfolio, making the stock its biggest holding. Aurora Private Wealth Inc.’s holdings in Apple were worth $6,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wyrmwood Management LLC boosted its stake in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its holdings in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the 4th quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. grew its holdings in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the period. Finally, Clarity Asset Management Inc. acquired a new stake in Apple during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 0.3 %

NASDAQ:AAPL traded down $0.59 during midday trading on Friday, hitting $169.30. 44,717,137 shares of the company were exchanged, compared to its average volume of 53,363,952. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The company has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $173.04 and a 200 day simple moving average of $181.79.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, equities analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Apple in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lowered their price target on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. DZ Bank reiterated a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Finally, UBS Group reissued a “hold” rating and set a $190.00 target price on shares of Apple in a research note on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple 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.