Apple Inc. (NASDAQ:AAPL) Shares Bought by Family Investment Center Inc.

Family Investment Center Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,171 shares of the iPhone maker’s stock after acquiring an additional 433 shares during the period. Apple comprises about 0.5% of Family Investment Center Inc.’s holdings, making the stock its 27th largest position. Family Investment Center Inc.’s holdings in Apple were worth $1,573,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wyrmwood Management LLC boosted its position in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC lifted its stake in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. boosted its holdings in 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 last quarter. Finally, Clarity Asset Management Inc. acquired a new stake in Apple during the 4th quarter valued at approximately $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird increased their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Citigroup reduced their price objective on shares of Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley decreased their price objective on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Maxim Group started coverage on shares of Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price on the stock. Finally, Sanford C. Bernstein upgraded Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $202.62.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL traded up $4.20 during midday trading on Monday, hitting $173.50. 66,161,781 shares of the stock traded hands, compared to its average volume of 60,497,953. The business’s 50 day moving average price is $172.86 and its two-hundred day moving average price is $181.77. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market capitalization of $2.68 trillion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s payout ratio is presently 14.95%.

Apple Company 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.