Apple Inc. (NASDAQ:AAPL) Holdings Raised by Lantz Financial LLC

Apple Inc. (NASDAQ:AAPL) Holdings Raised by Lantz Financial LLC


Lantz Financial LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,775 shares of the iPhone maker’s stock after buying an additional 517 shares during the period. Apple comprises approximately 1.8% of Lantz Financial LLC’s holdings, making the stock its 8th biggest holding. Lantz Financial LLC’s holdings in Apple were worth $4,962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC bought a new stake in shares of Apple in the 1st quarter worth about $30,000. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the last quarter. Summit Wealth Group LLC increased its position in shares of Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC increased its position in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the last quarter. Finally, West Tower Group LLC bought a new stake in shares of Apple in the 2nd quarter worth about $64,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Piper Sandler dropped their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 10th. Piper Sandler Companies cut shares of Apple to a “neutral” rating and dropped their price objective for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Finally, Loop Capital reduced their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $204.23.

View Our Latest Stock Analysis on AAPL

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.8 %

NASDAQ AAPL opened at $170.03 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a twelve month low of $159.78 and a twelve month high of $199.62. The company has a market cap of $2.63 trillion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. The business’s fifty day moving average is $180.75 and its 200 day moving average is $182.63.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share 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 company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the business posted $1.88 EPS. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts expect that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple Profile

(Free Report)

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.

Featured Stories

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SECFilingChart - Apple Inc. (NASDAQ:AAPL) Holdings Raised by Lantz Financial LLC



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