Apple Inc. (NASDAQ:AAPL) is Corbenic Partners LLC’s 8th Largest Position

Corbenic Partners LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 7.5% in the 1st quarter, Holdings Channel reports. The fund owned 58,224 shares of the iPhone maker’s stock after buying an additional 4,039 shares during the period. Apple makes up approximately 1.8% of Corbenic Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Corbenic Partners LLC’s holdings in Apple were worth $7,112,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of AAPL. Ironwood Wealth Management LLC. lifted its position in shares of Apple by 304.8% in the 3rd quarter. Ironwood Wealth Management LLC. now owns 12,681 shares of the iPhone maker’s stock valued at $1,469,000 after acquiring an additional 9,548 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its position in Apple by 429.5% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 48,398 shares of the iPhone maker’s stock worth $5,605,000 after buying an additional 39,258 shares in the last quarter. United Bank lifted its position in Apple by 307.8% in the 3rd quarter. United Bank now owns 43,670 shares of the iPhone maker’s stock worth $5,057,000 after buying an additional 32,962 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Apple by 284.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 14,908,820 shares of the iPhone maker’s stock worth $1,724,390,000 after buying an additional 11,030,352 shares in the last quarter. Finally, Wealth Alliance lifted its position in Apple by 327.6% in the 3rd quarter. Wealth Alliance now owns 182,455 shares of the iPhone maker’s stock worth $21,130,000 after buying an additional 139,789 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

In related news, COO Jeffrey E. Williams sold 133,867 shares of Apple stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $125.74, for a total transaction of $16,832,436.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O’brien sold 18,216 shares of Apple stock in a transaction dated Friday, April 16th. The shares were sold at an average price of $134.01, for a total transaction of $2,441,126.16. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. set a $150.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group set a $83.00 target price on shares of Apple and gave the stock a “sell” rating in a research report on Wednesday. Raymond James increased their price target on shares of Apple from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Fundamental Research increased their price target on shares of Apple from $113.91 to $148.12 and gave the stock a “buy” rating in a research note on Friday, February 5th. Finally, Zacks Investment Research lowered shares of Apple from a “buy” rating to a “hold” rating and set a $128.00 price target on the stock. in a research note on Tuesday, March 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $136.80.

NASDAQ:AAPL opened at $131.94 on Friday. The company has a 50-day moving average of $125.10 and a 200-day moving average of $125.09. The company has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 40.47, a PEG ratio of 2.75 and a beta of 1.28. Apple Inc. has a 52 week low of $68.72 and a 52 week high of $145.09. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.33 and a current ratio of 1.36.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.27. The company had revenue of $111.40 billion during the quarter, compared to the consensus estimate of $103.24 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. Sell-side analysts forecast that Apple Inc. will post 4.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 5th. Apple’s payout ratio is 25.00%.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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