Brand Asset Management Group Inc. Has $1.32 Million Stake in Apple Inc. (NASDAQ:AAPL)

Brand Asset Management Group Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,854 shares of the iPhone maker’s stock after acquiring an additional 626 shares during the quarter. Brand Asset Management Group Inc.’s holdings in Apple were worth $1,320,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Kingdom Financial Group LLC. grew its holdings in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Headinvest LLC grew its holdings in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after purchasing an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS grew its holdings in shares of Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after purchasing an additional 279,311 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AAPL. UBS Group restated a “hold” rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Barclays reduced their target price on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Stock Performance

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 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The company has a fifty day moving average of $174.67 and a 200-day moving average of $182.04.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 in the last ninety days. 0.06% of the stock is owned by company insiders.

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.