Foundry Financial Group Inc. Invests $499,000 in Apple Inc. (NASDAQ:AAPL)

Foundry Financial Group Inc. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,593 shares of the iPhone maker’s stock, valued at approximately $499,000.

A number of other hedge funds have also recently bought and sold shares of the company. My Personal CFO LLC boosted its stake in shares of Apple by 4.6% during the 4th quarter. My Personal CFO LLC now owns 27,501 shares of the iPhone maker’s stock worth $5,295,000 after acquiring an additional 1,201 shares in the last quarter. Bell Bank lifted its holdings in shares of Apple by 9.6% during the fourth quarter. Bell Bank now owns 37,899 shares of the iPhone maker’s stock valued at $7,297,000 after purchasing an additional 3,332 shares during the last quarter. TriaGen Wealth Management LLC boosted its position in shares of Apple by 7.1% in the 4th quarter. TriaGen Wealth Management LLC now owns 76,731 shares of the iPhone maker’s stock valued at $14,773,000 after purchasing an additional 5,113 shares during the period. Princeton Global Asset Management LLC raised its holdings in Apple by 53.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 58,817 shares of the iPhone maker’s stock worth $11,324,000 after buying an additional 20,438 shares during the period. Finally, Holland Advisory Services Inc. lifted its stake in Apple by 10.3% during the fourth quarter. Holland Advisory Services Inc. now owns 8,026 shares of the iPhone maker’s stock valued at $1,545,000 after buying an additional 749 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.5 %

Shares of Apple stock opened at $165.84 on Tuesday. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The company’s fifty day simple moving average is $174.24 and its 200-day simple moving average is $182.10. The company has a market cap of $2.56 trillion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for 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 last year, the business posted $1.88 EPS. As a group, sell-side analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on AAPL shares. Monness Crespi & Hardt lifted their target price on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Tuesday, April 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $84,378,155.68. 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. Corporate insiders own 0.06% of the company’s stock.

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.