Panoramic Capital Partners LLC Acquires Shares of 18,631 Apple Inc. (NASDAQ:AAPL)

Panoramic Capital Partners LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 4th quarter, Holdings Channel reports. The firm acquired 18,631 shares of the iPhone maker’s stock, valued at approximately $4,666,000. Apple accounts for about 4.1% of Panoramic Capital Partners LLC’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors also recently made changes to their positions in the company. O Connor Financial Group LLC lifted its holdings in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. raised its holdings in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after buying an additional 45 shares during the period. Carolina Wealth Advisors LLC raised its holdings in Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after buying an additional 46 shares during the period. Menard Financial Group LLC lifted its stake in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Citigroup reissued a “buy” rating on shares of Apple in a research note on Wednesday, April 2nd. Tigress Financial increased their target price on Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, April 3rd. Maxim Group lifted their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $240.26.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $198.15 on Monday. The business’s 50-day simple moving average is $222.87 and its 200-day simple moving average is $231.16. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm has a market cap of $2.98 trillion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was 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 of the company’s stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Company 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.