CWS Financial Advisors LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,732 shares of the iPhone maker’s stock, valued at approximately $4,032,000. Apple comprises approximately 2.9% of CWS Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position.
Other hedge funds have also recently made changes to their positions in the company. MV Capital Management Inc. boosted its holdings in Apple by 0.3% in the 3rd quarter. MV Capital Management Inc. now owns 12,671 shares of the iPhone maker’s stock worth $2,838,000 after acquiring an additional 35 shares during the period. Investment Partners LTD. boosted its holdings in Apple by 0.6% in the 4th quarter. Investment Partners LTD. now owns 5,768 shares of the iPhone maker’s stock worth $1,694,000 after acquiring an additional 35 shares during the period. Searcy Financial Services Inc. ADV boosted its holdings in Apple by 3.3% in the 4th quarter. Searcy Financial Services Inc. ADV now owns 1,202 shares of the iPhone maker’s stock worth $353,000 after acquiring an additional 38 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Apple by 0.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 7,053 shares of the iPhone maker’s stock worth $2,071,000 after acquiring an additional 38 shares during the period. Finally, Concentrum Wealth Management boosted its holdings in Apple by 0.4% in the 4th quarter. Concentrum Wealth Management now owns 10,572 shares of the iPhone maker’s stock worth $3,104,000 after acquiring an additional 40 shares during the period. 60.69% of the stock is owned by hedge funds and other institutional investors.
AAPL stock opened at $245.52 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. The firm has a market cap of $1,080.22 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.80 and a beta of 1.30. Apple Inc. has a 12-month low of $170.27 and a 12-month high of $327.85. The stock’s 50 day simple moving average is $289.96 and its 200 day simple moving average is $270.14.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.54 by $0.45. The business had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. Apple had a return on equity of 60.19% and a net margin of 21.49%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.18 EPS. On average, research analysts forecast that Apple Inc. will post 13.05 EPS for the current fiscal year.
A number of research firms have weighed in on AAPL. Monness Crespi & Hardt upped their price target on Apple from $300.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Tigress Financial restated a “buy” rating on shares of Apple in a report on Monday, December 30th. Credit Suisse Group set a $290.00 price target on Apple and gave the stock a “neutral” rating in a report on Monday, March 16th. Needham & Company LLC cut Apple from a “strong-buy” rating to a “buy” rating and upped their price target for the stock from $280.00 to $350.00 in a report on Monday, January 6th. Finally, Canaccord Genuity restated a “buy” rating and issued a $300.00 price target (down previously from $345.00) on shares of Apple in a report on Thursday, March 19th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $305.00.
In related news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total transaction of $434,573.19. Following the sale, the director now directly owns 1,134,712 shares of the company’s stock, valued at approximately $345,077,266.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
Further Reading: Stock Portfolio Tracker
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