Apple Inc. (NASDAQ:AAPL) Holdings raised by Camelot Portfolios LLC

Camelot Portfolios LLC has sold its position in Apple Inc. (NASDAQ:AAPL – Free Report) increased 31.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,771 shares of the iPhone maker, after buying an additional 1,628 shares during the period. Camelot Portfolios LLC’s holdings in Apple were worth $1,304,000 at the time of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Avid Wealth Partners LLC acquired a new position in Apple in the fourth quarter worth approximately $749,000. Smallwood Wealth Investment Management LLC strengthened its position in Apple by 1.3% during the fourth quarter. Smallwood Wealth Investment Management LLC now owns 42,687 shares of the iPhone maker’s stock worth $8,219,000 after purchasing an additional 543 shares during the period. Ballentine Partners LLC strengthened its position in Apple by 2.4% during the fourth quarter. Ballentine Partners LLC now owns 311,144 shares of the iPhone maker’s stock valued at $59,905,000 after purchasing an additional 7,275 shares during the period. Milestone Asset Management LLC strengthened its position in Apple by 5.5% in the fourth quarter. Milestone Asset Management LLC now owns 7,460 shares of the iPhone maker’s stock worth $1,436,000 after purchasing an additional 387 shares during the period. Finally, Panoramic Investment Advisors LLC strengthened its position in Apple by 2.2% in the fourth quarter. Panoramic Investment Advisors LLC now owns 7,681 shares of the iPhone maker’s stock worth $1,479,000 after purchasing an additional 167 shares during the period. 60.41% of the shares are currently held by institutional investors.

Apple shares rise 0.5%

NASDAQ:AAPL opened at $169.89 on Friday. The company has a market cap of $2.62 trillion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.01, and a beta of 1.27. Apple Inc. has a one-year low of $162.80 and a one-year high of $199.62. 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’s fifty day moving average price is $173.30 and its 200 day moving average price is $181.85.

Apple (NASDAQ:AAPL – Get Free Report) posted its latest quarterly results on Thursday, February 1. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s quarterly revenue rose 2.1% year over year. During the same period last year, the company earned $1.88 in earnings per share. On average, sell-side analysts predict that Apple Inc. will post a profit per share of 6.54 for the current financial year.

Apple announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15. Investors of record received a dividend of $0.24 per share on Monday, February 12. This represents a dividend of $0.96 annually and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9. Apple’s payout ratio is 14.95%.

Insider activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction dated Thursday, April 11. The stock sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the Chief Operating Officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction dated Thursday, April 11. The stock sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the Chief Operating Officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1. The shares sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the CEO now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The explanation of this sale can be found here. Over the last ninety days, insiders have sold 366,271 shares of the company’s stock, valued at $63,653,887. Company insiders own 0.06% of the company’s shares.

Analysts set new price targets

AAPL has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating and set a $225.00 price objective on shares of Apple in a research report on Friday, February 16. DZ Bank reiterated a “hold” rating and set a $180.00 price target on shares of Apple in a research report on Thursday, March 28. JPMorgan Chase & Co. lowered his 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 11. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of Apple in a research report on Tuesday, April 16. Finally, Piper Sandler Companies downgraded Apple to a “neutral” rating and lowered their price target for the stock from $220.00 to $205.00 in a research report on Thursday, January 4. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Get our latest analysis on Apple

Apple profile

(Free report)

Apple Inc designs, manufactures and sells smartphones, personal computers, tablets, wearables and accessories worldwide. The company offers iPhone, a range of smartphones; Mac, a range of personal computers; iPad, a range of multi-function tablets; and wearables, homes and accessories, including AirPods, Apple TV, Apple Watch, Beats products and HomePod.

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