Valueworks LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,516 shares of the iPhone maker’s stock after selling 15,312 shares during the period. Apple comprises approximately 5.9% of Valueworks LLC’s holdings, making the stock its 2nd largest holding. Valueworks LLC’s holdings in Apple were worth $9,548,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in AAPL. Korea Investment CORP boosted its position in Apple by 6.3% during the fourth quarter. Korea Investment CORP now owns 3,753,051 shares of the iPhone maker’s stock valued at $1,102,083,000 after purchasing an additional 221,800 shares in the last quarter. Atlas Private Wealth Management acquired a new stake in Apple in the fourth quarter worth about $4,730,000. Blair William & Co. IL boosted its holdings in Apple by 2.0% in the fourth quarter. Blair William & Co. IL now owns 2,568,117 shares of the iPhone maker’s stock worth $754,128,000 after acquiring an additional 49,316 shares in the last quarter. Altshuler Shaham Ltd boosted its holdings in Apple by 2,180.0% in the fourth quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 109 shares in the last quarter. Finally, AMG National Trust Bank boosted its holdings in Apple by 2.7% in the fourth quarter. AMG National Trust Bank now owns 5,974 shares of the iPhone maker’s stock worth $1,754,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 60.69% of the company’s stock.
AAPL has been the subject of several recent analyst reports. Maxim Group raised Apple from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. DZ Bank reaffirmed a “buy” rating on shares of Apple in a report on Monday. Credit Suisse Group set a $290.00 target price on Apple and gave the stock a “neutral” rating in a report on Monday, March 16th. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating and set a $373.00 target price for the company. in a report on Thursday, January 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $335.00 target price on shares of Apple in a report on Thursday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the stock. Apple currently has an average rating of “Buy” and a consensus target price of $304.29.
In other news, Director Arthur D. Levinson sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total value of $434,573.19. Following the completion of the sale, the director now directly owns 1,134,712 shares in the company, valued at $345,077,266.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.
AAPL stock traded up $12.94 during trading on Thursday, hitting $258.46. 62,656,127 shares of the company traded hands, compared to its average volume of 76,273,264. The company has a market cap of $1,110.76 billion, a PE ratio of 20.42, a P/E/G ratio of 1.80 and a beta of 1.30. Apple Inc. has a 1 year low of $170.27 and a 1 year high of $327.85. The stock’s 50-day simple moving average is $289.96 and its 200 day simple moving average is $270.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.60 and a quick ratio of 1.56.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, beating the Zacks’ consensus estimate of $4.54 by $0.45. The business had revenue of $91.80 billion during the quarter, compared to analysts’ expectations of $88.41 billion. Apple had a return on equity of 60.19% and a net margin of 21.49%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.18 earnings per share. Research analysts expect that Apple Inc. will post 13.05 earnings per share for the current year.
Apple Company Profile
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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