Paradigm Capital Management LLC NV Acquires New Shares in Apple Inc. (NASDAQ:AAPL)
Paradigm Capital Management LLC NV bought a new position in Apple Inc. (NASDAQ:AAPL – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,431 shares of the iPhone maker’s stock, valued at approximately $2,896,000. Apple makes up approximately 2.8% of Paradigm Capital Management LLC NV’s investment portfolio, making the stock its 8th largest holding.
Several other hedge funds have also recently modified their holdings of AAPL. FMR LLC raised its stake in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Apple by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock worth $21,335,435,000 after purchasing an additional 1,742,087 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Apple by 1.9% during the 3rd quarter. Fisher Asset Management LLC now owns 58,615,053 shares of the iPhone maker’s stock valued at $13,657,308,000 after purchasing an additional 1,112,033 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insider Activity
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Bank of America lifted their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $242.52.
Check Out Our Latest Stock Report on Apple
Apple Price Performance
AAPL stock opened at $227.63 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The firm has a market capitalization of $3.42 trillion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a fifty day simple moving average of $241.45 and a two-hundred day simple moving average of $230.97. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts anticipate that Apple Inc. will post 7.33 earnings per share for the current fiscal year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.
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.
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