Everhart Financial Group Inc. Has $12.52 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Everhart Financial Group Inc. Has $12.52 Million Holdings in Apple Inc. (NASDAQ:AAPL)


Everhart Financial Group Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,034 shares of the iPhone maker’s stock after buying an additional 3,990 shares during the quarter. Apple accounts for 4.4% of Everhart Financial Group Inc.’s investment portfolio, making the stock its 2nd largest holding. Everhart Financial Group Inc.’s holdings in Apple were worth $12,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of AAPL. Atlantic Private Wealth LLC purchased a new position in Apple in the first quarter worth $30,000. Wyrmwood Management LLC boosted its position in Apple by 69.0% in the fourth 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 boosted its position in Apple by 16,252.3% in the first 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 boosted its position in Apple by 21.7% in the first 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 purchased a new position in Apple in the second quarter worth $64,000. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Monness Crespi & Hardt upped their price target on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird upped their price target on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Finally, Loop Capital dropped their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.23.

Check Out Our Latest 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 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $168.84 on Wednesday. The stock has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 2.07 and a beta of 1.27. 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 Inc. has a 1-year low of $159.78 and a 1-year high of $199.62. The stock’s 50-day moving average is $180.27 and its 200 day moving average is $182.59.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Apple Company 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.

Further Reading

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

SECFilingChart - Everhart Financial Group Inc. Has $12.52 Million Holdings in Apple Inc. (NASDAQ:AAPL)



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