FFT Wealth Management LLC Has $6.20 Million Stock Holdings in Apple Inc. $AAPL

FFT Wealth Management LLC lessened its position in Apple Inc. (NASDAQ:AAPLFree Report) by 15.9% during the 4th quarter, Holdings Channel reports. The firm owned 22,805 shares of the iPhone maker’s stock after selling 4,319 shares during the quarter. Apple makes up about 1.2% of FFT Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. FFT Wealth Management LLC’s holdings in Apple were worth $6,200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Norges Bank acquired a new stake in shares of Apple in the 2nd quarter valued at $38,942,255,000. Nuveen LLC acquired a new stake in shares of Apple in the 1st quarter valued at $17,472,482,000. Laurel Wealth Advisors LLC boosted its stake in shares of Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Apple stock opened at $301.54 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 12-month low of $195.07 and a 12-month high of $317.40. The stock has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 2.68 and a beta of 1.09. The stock has a 50-day simple moving average of $282.36 and a 200 day simple moving average of $271.63.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is currently 13.06%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Stifel Nicolaus set a $330.00 price target on Apple in a report on Monday, March 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Monday, March 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a report on Friday, May 1st. Monness Crespi & Hardt lifted their price target on Apple from $315.00 to $335.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group set a $330.00 price target on Apple in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $312.82.

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Apple News Summary

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Apple Company Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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