Durante & Waters LLC Makes New Investment in Apple Inc. (NASDAQ:AAPL)

Durante & Waters LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the iPhone maker's stock, valued at approximately $1,059,000. Apple accounts for 1.0% of Durante & Waters LLC's investment portfolio, making the stock its 15th largest holding.

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Several other hedge funds also recently bought and sold shares of the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple during the first quarter worth $30,000. Wyrmwood Management LLC raised its holdings in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker's stock worth $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC raised its holdings in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker's stock worth $40,000 after acquiring an additional 118 shares during the period. Summit Wealth Group LLC raised its holdings in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 6,949,659 shares during the period. Finally, HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker's stock worth $49,000 after acquiring an additional 80 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company's stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 54,732 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company's stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last quarter. Insiders own 0.06% of the company's stock.

Apple Stock Performance

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NASDAQ AAPL opened at $165.00 on Friday. The company has a market capitalization of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $174.67 and a two-hundred day moving average price of $182.11. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. Analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple's payout ratio is 14.95%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAPL. Bank of America raised shares of Apple from a "neutral" rating to a "buy" rating and raised their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Maxim Group began coverage on shares of Apple in a research report on Wednesday. They issued a "hold" rating and a $178.00 target price for the company. Piper Sandler decreased their target price on shares of Apple from $205.00 to $190.00 and set a "neutral" rating for the company in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on shares of Apple from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group raised their target price on shares of Apple from $223.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $203.34.

Read Our Latest Stock Report on Apple

Apple Profile

(Free Report)

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.

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Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

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