Consolidated Portfolio Review Corp Lowers Stock Position in Apple Inc. $AAPL

Consolidated Portfolio Review Corp lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 86.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,305 shares of the iPhone maker’s stock after selling 177,542 shares during the period. Apple comprises 0.6% of Consolidated Portfolio Review Corp’s holdings, making the stock its 17th biggest position. Consolidated Portfolio Review Corp’s holdings in Apple were worth $7,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Overbrook Management Corp raised its stake in shares of Apple by 57.4% during the 4th quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker’s stock worth $28,449,000 after acquiring an additional 38,174 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of Apple by 48.4% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock worth $363,256,000 after acquiring an additional 465,393 shares in the last quarter. Tufton Capital Management raised its stake in shares of Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker’s stock worth $25,496,000 after acquiring an additional 4,157 shares in the last quarter. Montis Financial LLC increased its stake in Apple by 15.8% during the 3rd quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker’s stock valued at $19,841,000 after purchasing an additional 10,640 shares in the last quarter. Finally, Silver Oak Securities Incorporated increased its stake in Apple by 21.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 120,674 shares of the iPhone maker’s stock valued at $30,727,000 after purchasing an additional 21,054 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 2.0%

AAPL stock opened at $293.25 on Friday. The firm has a market cap of $4.31 trillion, a PE ratio of 35.46, a P/E/G ratio of 2.50 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The firm’s fifty day moving average is $261.85 and its 200 day moving average is $266.04. Apple Inc. has a one year low of $193.46 and a one year high of $294.76.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $1.65 earnings per share. On average, research analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a dividend of $0.27 per share. This is a boost from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, May 11th. Apple’s dividend payout ratio (DPR) is 12.58%.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Monness Crespi & Hardt upped their price target on shares of Apple from $315.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, May 1st. UBS Group set a $296.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Friday, May 1st. Rosenblatt Securities upped their price target on shares of Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Scotiabank set a $330.00 target price on shares of Apple in a report on Monday, February 2nd. Finally, Moffett Nathanson lifted their price objective on Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $305.74.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the stock in a transaction on 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 of the company’s stock, valued at $34,934,433.50. This trade represents a 17.99% decrease in their ownership of the stock. 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 stock in a transaction on 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 directly 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush lifted Apple’s price target to $400 and said AI could drive a major growth wave for AAPL. Apple price target boosted by Wedbush on AI monetization expectations
• Positive Sentiment: Reports that Apple reached a preliminary chip-making deal with Intel boosted confidence in Apple’s manufacturing strategy and supply chain flexibility. Apple, Intel Have Reached Preliminary Chip-Making Agreement
• Positive Sentiment: Analysts see WWDC as a potential inflection point, with upcoming AI-related software features seen as a possible catalyst for Apple’s next leg higher. Apple’s biggest bull is now calling for a 37% stock jump
• Neutral Sentiment: Apple remains near its recent highs after strong quarterly results, keeping investor expectations elevated ahead of the next catalyst. Dow Jones Futures: Market At Highs With Iran, Trump-Xi Summit In Focus; Apple, Nvidia, Boeing In Buy Areas
• Negative Sentiment: Apple also faces ongoing legal and regulatory noise, including a Siri settlement and App Store antitrust disputes, which could weigh on sentiment if they escalate. Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back

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.