Sound Income Strategies LLC Acquires 158 Shares of Apple Inc. (AAPL)

Sound Income Strategies LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,729 shares of the iPhone maker’s stock after acquiring an additional 158 shares during the period. Apple makes up 0.6% of Sound Income Strategies LLC’s holdings, making the stock its 25th largest position. Sound Income Strategies LLC’s holdings in Apple were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Selective Wealth Management acquired a new position in Apple in the 3rd quarter worth $194,000. Lawson Kroeker Investment Management Inc. NE acquired a new position in Apple in the 3rd quarter worth $201,000. Boston Standard Wealth Management LLC acquired a new position in Apple in the 3rd quarter worth $204,000. Leith Wheeler Investment Counsel Ltd. acquired a new position in Apple in the 3rd quarter worth $201,000. Finally, Moller Financial Services acquired a new position in Apple in the 3rd quarter worth $226,000. Institutional investors own 57.38% of the company’s stock.

In other Apple news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the transaction, the insider now directly owns 27,448 shares in the company, valued at $5,396,551.28. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on AAPL. Credit Suisse Group set a $209.00 target price on shares of Apple and gave the stock a “hold” rating in a research note on Wednesday. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price for the company. in a research note on Friday, April 12th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. HSBC lowered shares of Apple from a “hold” rating to a “reduce” rating and upped their target price for the stock from $160.00 to $180.00 in a research note on Wednesday, April 10th. Finally, Wedbush upgraded shares of Apple to an “outperform” rating and increased their price objective for the stock from $215.00 to $225.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $202.45.

NASDAQ:AAPL traded up $0.73 during mid-day trading on Friday, hitting $203.86. The stock had a trading volume of 24,195,766 shares, compared to its average volume of 27,505,466. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $233.47. The company has a market capitalization of $1,002.00 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.08 and a beta of 1.14. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. As a group, equities analysts forecast that Apple Inc. will post 11.41 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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