Financial Sense Advisors Inc. Has $1.42 Million Position in Apple Inc. (NASDAQ:AAPL)

Financial Sense Advisors Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,364 shares of the iPhone maker’s stock after buying an additional 194 shares during the period. Financial Sense Advisors Inc.’s holdings in Apple were worth $1,418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AAPL. IFM Investors Pty Ltd boosted its stake in Apple by 20.0% during the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares in the last quarter. Markel Corp boosted its stake in Apple by 0.7% during the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares in the last quarter. Camden Capital LLC boosted its stake in Apple by 9.2% during the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC boosted its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by insiders.

Apple Price Performance

Apple stock opened at $171.48 on Monday. The firm has a market capitalization of $2.65 trillion, a P/E ratio of 26.71, a PEG ratio of 2.07 and a beta of 1.29. Apple Inc. has a 1 year low of $159.35 and a 1 year high of $199.62. The business has a 50-day moving average of $180.75 and a 200-day moving average of $182.57. 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 issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the firm earned $1.88 EPS. Apple’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. Apple’s dividend payout ratio is presently 14.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and reduced their target price for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. Monness Crespi & Hardt boosted their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Sandler reduced their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $204.53.

Apple Company 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.