Emerald Mutual Fund Advisers Trust Has $2.30 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Emerald Mutual Fund Advisers Trust lessened its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,940 shares of the iPhone maker’s stock after selling 280 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Apple were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hanlon Investment Management Inc. lifted its stake in Apple by 0.7% in the fourth quarter. Hanlon Investment Management Inc. now owns 10,124 shares of the iPhone maker’s stock valued at $1,798,000 after buying an additional 66 shares in the last quarter. Financial Planning & Information Services Inc. lifted its stake in Apple by 1.0% in the fourth quarter. Financial Planning & Information Services Inc. now owns 6,837 shares of the iPhone maker’s stock valued at $1,214,000 after buying an additional 67 shares in the last quarter. MorganRosel Wealth Management LLC lifted its stake in Apple by 1.1% in the fourth quarter. MorganRosel Wealth Management LLC now owns 6,394 shares of the iPhone maker’s stock valued at $1,135,000 after buying an additional 70 shares in the last quarter. Schulhoff & Co. Inc. lifted its stake in Apple by 0.3% in the third quarter. Schulhoff & Co. Inc. now owns 22,482 shares of the iPhone maker’s stock valued at $3,181,000 after buying an additional 75 shares in the last quarter. Finally, TMD Wealth Management LLC lifted its stake in Apple by 0.4% in the fourth quarter. TMD Wealth Management LLC now owns 21,494 shares of the iPhone maker’s stock valued at $3,817,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

A number of analysts have recently commented on AAPL shares. Canaccord Genuity Group boosted their price objective on shares of Apple from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 28th. Zacks Investment Research reissued a “buy” rating on shares of Apple in a research report on Wednesday, March 2nd. Canaccord Genuity Group boosted their price objective on shares of Apple from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apple from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, January 28th. Finally, JPMorgan Chase & Co. set a $210.00 price objective on shares of Apple in a research report on Thursday, April 7th. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $190.24.

In other news, SVP Deirdre O’brien sold 29,198 shares of the stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $177.77, for a total value of $5,190,528.46. Following the completion of the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at $24,228,273.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 105,901 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $177.75, for a total transaction of $18,823,902.75. Following the completion of the transaction, the chief operating officer now directly owns 489,662 shares of the company’s stock, valued at approximately $87,037,420.50. The disclosure for this sale can be found here. Insiders sold 170,085 shares of company stock valued at $30,047,365 in the last three months. Company insiders own 0.06% of the company’s stock.

AAPL opened at $161.79 on Friday. Apple Inc. has a twelve month low of $122.25 and a twelve month high of $182.94. The company has a 50-day simple moving average of $166.72 and a 200 day simple moving average of $164.34. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $2.64 trillion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 2.15 and a beta of 1.19.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.21. Apple had a net margin of 26.58% and a return on equity of 149.81%. The business had revenue of $123.95 billion during the quarter, compared to analysts’ expectations of $118.53 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. Apple’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 6.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 10th. Stockholders of record on Monday, February 7th were issued a $0.22 dividend. The ex-dividend date was Friday, February 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.54%. Apple’s dividend payout ratio (DPR) is currently 14.57%.

Apple Company Profile (Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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