Apple Inc. (NASDAQ:AAPL) Shares Sold by Sunburst Financial Group LLC
Sunburst Financial Group LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,135 shares of the iPhone maker’s stock after selling 154 shares during the period. Apple accounts for about 1.1% of Sunburst Financial Group LLC’s investment portfolio, making the stock its 14th biggest holding. Sunburst Financial Group LLC’s holdings in Apple were worth $1,051,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Apple in the fourth quarter valued at approximately $13,759,345,000. Wealth Quarterback LLC acquired a new position in Apple in the fourth quarter valued at approximately $3,783,310,000. Amundi Pioneer Asset Management Inc. boosted its stake in Apple by 23.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,532,304 shares of the iPhone maker’s stock valued at $2,505,440,000 after acquiring an additional 1,610,137 shares during the period. Jennison Associates LLC boosted its stake in Apple by 9.2% in the fourth quarter. Jennison Associates LLC now owns 14,039,994 shares of the iPhone maker’s stock valued at $4,122,844,000 after acquiring an additional 1,183,091 shares during the period. Finally, Maplelane Capital LLC boosted its stake in Apple by 100.5% in the fourth quarter. Maplelane Capital LLC now owns 5,001 shares of the iPhone maker’s stock valued at $1,469,000 after acquiring an additional 1,105,001 shares during the period. Institutional investors and hedge funds own 59.49% of the company’s stock.
NASDAQ AAPL opened at $318.89 on Friday. The stock has a market capitalization of $1,373.33 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.41 and a beta of 1.17. Apple Inc. has a 1 year low of $170.27 and a 1 year high of $327.85. The business’s fifty day moving average is $285.29 and its two-hundred day moving average is $285.23. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.50.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $3.28 annualized dividend and a dividend yield of 1.03%. This is a boost from Apple’s previous quarterly dividend of $0.77. Apple’s dividend payout ratio is currently 27.59%.
In other Apple news, SVP Deirdre O’brien sold 9,137 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $285.12, for a total transaction of $2,605,141.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,491 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $305.62, for a total transaction of $1,372,539.42. Following the sale, the insider now directly owns 7,370 shares in the company, valued at $2,252,419.40. The disclosure for this sale can be found here. Insiders sold 95,752 shares of company stock worth $24,750,125 in the last ninety days. 0.05% of the stock is owned by corporate insiders.
A number of equities analysts have commented on AAPL shares. Cowen restated a “buy” rating and issued a $335.00 target price on shares of Apple in a research note on Friday, May 1st. Nomura Securities lifted their target price on Apple from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Raymond James lifted their target price on Apple from $305.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Barclays boosted their price objective on Apple from $268.00 to $288.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Morgan Stanley boosted their price objective on Apple from $298.00 to $326.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $301.00.
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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