Wick Capital Partners LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 15.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,843 shares of the iPhone maker’s stock after purchasing an additional 2,939 shares during the quarter. Apple comprises 1.1% of Wick Capital Partners LLC’s portfolio, making the stock its 18th largest position. Wick Capital Partners LLC’s holdings in Apple were worth $5,938,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in AAPL. Reyes Financial Architecture Inc. lifted its stake in Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after buying an additional 37 shares during the last quarter. WESPAC Advisors LLC grew its position in shares of Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 39 shares during the last quarter. Interactive Financial Advisors Inc. grew its position in shares of Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker’s stock worth $286,000 after acquiring an additional 40 shares during the last quarter. Orion Investment Co increased its holdings in shares of Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker’s stock worth $3,902,000 after acquiring an additional 41 shares during the period. Finally, Seven Springs Wealth Group LLC increased its holdings in shares of Apple by 0.3% in the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker’s stock worth $3,934,000 after acquiring an additional 42 shares during the period. Institutional investors own 67.73% of the company’s stock.
Apple Stock Performance
Shares of AAPL stock opened at $298.01 on Monday. The stock has a 50-day simple moving average of $289.73 and a 200 day simple moving average of $272.91. The stock has a market capitalization of $4.38 trillion, a P/E ratio of 36.04, a P/E/G ratio of 2.59 and a beta of 1.09. Apple Inc. has a fifty-two week low of $196.85 and a fifty-two week high of $317.40. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is an increase from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio is presently 13.06%.
Analysts Set New Price Targets
AAPL has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. Bank of America restated a “buy” rating and issued a $380.00 target price on shares of Apple in a research report on Thursday. Stifel Nicolaus set a $330.00 price target on Apple in a report on Monday, March 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $276.00 price target on shares of Apple in a report on Tuesday, June 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $314.59.
Get Our Latest Analysis on Apple
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
- Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
- Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
- Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title
Insider Buying and Selling at Apple
In related news, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. 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. Insiders have sold 97,875 shares of company stock valued at $24,998,541 over the last quarter. Company insiders own 0.06% of the company’s stock.
About Apple
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.
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