Apple Inc. (NASDAQ:AAPL) Shares Purchased by Van ECK Associates Corp

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Van ECK Associates Corp increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 371.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,292 shares of the iPhone maker’s stock after purchasing an additional 108,197 shares during the period. Van ECK Associates Corp’s holdings in Apple were worth $40,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Johanson Financial Advisors Inc. boosted its stake in Apple by 29,161.0% during the fourth quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock worth $57,543,000 after buying an additional 16,838,124 shares during the period. Jennison Associates LLC boosted its stake in Apple by 9.2% during the fourth quarter. Jennison Associates LLC now owns 14,039,994 shares of the iPhone maker’s stock worth $4,122,844,000 after buying an additional 1,183,091 shares during the period. Artemis Investment Management LLP boosted its stake in Apple by 300.3% during the fourth quarter. Artemis Investment Management LLP now owns 1,066,679 shares of the iPhone maker’s stock worth $312,813,000 after buying an additional 800,232 shares during the period. Annex Advisory Services LLC boosted its stake in Apple by 1,823.4% during the fourth quarter. Annex Advisory Services LLC now owns 806,104 shares of the iPhone maker’s stock worth $14,187,000 after buying an additional 764,193 shares during the period. Finally, Sanders Capital LLC boosted its stake in Apple by 7.8% during the fourth quarter. Sanders Capital LLC now owns 8,787,007 shares of the iPhone maker’s stock worth $2,855,898,000 after buying an additional 633,366 shares during the period. Hedge funds and other institutional investors own 60.69% of the company’s stock.

Apple stock traded down $1.36 during trading on Wednesday, reaching $245.52. The stock had a trading volume of 75,697,420 shares, compared to its average volume of 75,562,544. Apple Inc. has a 52-week low of $170.27 and a 52-week high of $327.85. The business has a 50 day moving average price of $291.20 and a 200 day moving average price of $269.95. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 1.04. The stock has a market cap of $1,074.27 billion, a PE ratio of 19.39, a P/E/G ratio of 1.64 and a beta of 1.30.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.54 by $0.45. Apple had a net margin of 21.49% and a return on equity of 60.19%. The company had revenue of $91.80 billion during the quarter, compared to the consensus estimate of $88.41 billion. During the same quarter in the previous year, the firm earned $4.18 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 13.05 EPS for the current fiscal year.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total transaction of $434,573.19. Following the sale, the director now owns 1,134,712 shares of the company’s stock, valued at $345,077,266.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Several brokerages have weighed in on AAPL. Piper Sandler lowered their target price on shares of Apple from to in a research note on Tuesday. Piper Jaffray Companies increased their target price on shares of Apple from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Sanford C. Bernstein reaffirmed a “hold” rating and set a $300.00 target price on shares of Apple in a research note on Tuesday, February 18th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Finally, Bank of America reaffirmed a “buy” rating and set a $350.00 target price on shares of Apple in a research note on Friday, March 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $305.00.

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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