Quadrant Private Wealth Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,793 shares of the iPhone maker’s stock after buying an additional 52 shares during the period. Apple comprises about 6.5% of Quadrant Private Wealth Management LLC’s holdings, making the stock its 2nd largest position. Quadrant Private Wealth Management LLC’s holdings in Apple were worth $7,280,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in AAPL. Korea Investment CORP increased its stake in shares of Apple by 6.3% during the 4th quarter. Korea Investment CORP now owns 3,753,051 shares of the iPhone maker’s stock valued at $1,102,083,000 after acquiring an additional 221,800 shares during the last quarter. Atlas Private Wealth Management acquired a new position in shares of Apple during the 4th quarter valued at about $4,730,000. Blair William & Co. IL increased its stake in shares of Apple by 2.0% during the 4th quarter. Blair William & Co. IL now owns 2,568,117 shares of the iPhone maker’s stock valued at $754,128,000 after acquiring an additional 49,316 shares during the last quarter. Altshuler Shaham Ltd increased its stake in shares of Apple by 2,180.0% during the 4th quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 109 shares during the last quarter. Finally, AMG National Trust Bank increased its stake in shares of Apple by 2.7% during the 4th quarter. AMG National Trust Bank now owns 5,974 shares of the iPhone maker’s stock valued at $1,754,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 60.69% of the company’s stock.
A number of analysts have recently issued reports on the company. DZ Bank reiterated a “buy” rating on shares of Apple in a report on Monday. Monness Crespi & Hardt boosted their target price on Apple from $300.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Macquarie cut Apple from an “outperform” rating to a “neutral” rating in a report on Friday, January 3rd. Piper Sandler decreased their target price on Apple from to in a report on Tuesday. Finally, Citigroup decreased their target price on Apple from $350.00 to $320.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $305.00.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.54 by $0.45. The company 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% on a year-over-year basis. During the same period in the prior year, the business posted $4.18 EPS. As a group, sell-side analysts expect that Apple Inc. will post 13.05 EPS for the current fiscal year.
In other news, Director Arthur D. Levinson sold 1,429 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total transaction of $434,573.19. Following the completion of the transaction, the director now directly owns 1,134,712 shares in the company, valued at approximately $345,077,266.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.
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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