27,644 Shares in Apple Inc. (NASDAQ:AAPL) Bought by BostonPremier Wealth LLC

BostonPremier Wealth LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,644 shares of the iPhone maker’s stock, valued at approximately $6,923,000. Apple accounts for about 4.2% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors have also modified their holdings of the company. Amara Financial LLC. purchased a new stake in Apple in the third quarter worth about $288,000. Sterling Investment Counsel LLC boosted its stake in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners increased its holdings in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the period. Catalyst Financial Partners LLC raised its stake in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after buying an additional 3,935 shares in the last quarter. Finally, Narwhal Capital Management boosted its holdings in shares of Apple by 2.5% in the 3rd quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock valued at $64,492,000 after buying an additional 6,711 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on shares of Apple from $252.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Tigress Financial boosted their price objective on Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a report on Friday, April 4th. Finally, Maxim Group raised their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $240.26.

Insider Activity

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 4.1 %

AAPL opened at $198.15 on Monday. The firm has a market cap of $2.98 trillion, a P/E ratio of 31.45, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business has a fifty day simple moving average of $222.87 and a 200-day simple moving average of $231.16. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Apple’s dividend payout ratio is currently 15.87%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.