Apple Inc. (NASDAQ:AAPL) is Glass Jacobson Investment Advisors llc’s 8th Largest Position

Glass Jacobson Investment Advisors llc increased its position in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,214 shares of the iPhone maker’s stock after purchasing an additional 66 shares during the quarter. Apple accounts for 1.6% of Glass Jacobson Investment Advisors llc’s portfolio, making the stock its 8th largest position. Glass Jacobson Investment Advisors llc’s holdings in Apple were worth $3,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Private Wealth LLC bought a new position in Apple during the 1st quarter valued at $30,000. Wyrmwood Management LLC boosted its stake in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC boosted its stake in Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Summit Wealth Group LLC boosted its stake in Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC boosted its stake in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating and set a $225.00 price objective on shares of Apple in a research note on Friday, February 16th. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. The Goldman Sachs Group raised their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. DZ Bank restated a “hold” rating and issued a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Finally, UBS Group restated a “hold” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $203.34.

Apple Stock Performance

Shares of AAPL opened at $165.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.03 and a beta of 1.27. The firm’s 50 day moving average is $174.67 and its 200-day moving average is $182.04. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

About Apple

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.