---
title: "Durante & Waters LLC Makes New Investment in Apple Inc. (NASDAQ:AAPL)"
description: "Durante & Waters LLC has made a new investment in Apple Inc., buying 5,500 shares valued at approximately $1,059,000. Apple now accounts for 1.0% of Durante & Waters' investment portfolio. Additionall"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/202429422.md"
published_at: "2024-04-21T08:13:33.000Z"
---

# Durante & Waters LLC Makes New Investment in Apple Inc. (NASDAQ:AAPL)

> Durante & Waters LLC has made a new investment in Apple Inc., buying 5,500 shares valued at approximately $1,059,000. Apple now accounts for 1.0% of Durante & Waters' investment portfolio. Additionally, other hedge funds have also bought and sold shares of Apple. Insiders at Apple, including CEO Timothy D. Cook, have sold shares of the company's stock. 60.41% of Apple's stock is currently owned by institutional investors and hedge funds.

Durante & Waters LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the iPhone maker's stock, valued at approximately $1,059,000. Apple accounts for 1.0% of Durante & Waters LLC's investment portfolio, making the stock its 15th largest holding.

-   Comprehensive Analysis of PayPal Stock

Several other hedge funds also recently bought and sold shares of the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple during the first quarter worth $30,000. Wyrmwood Management LLC raised its holdings in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker's stock worth $33,000 after acquiring an additional 69 shares during the period. Gilfoyle & Co LLC raised its holdings in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker's stock worth $40,000 after acquiring an additional 118 shares during the period. Summit Wealth Group LLC raised its holdings in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 6,949,659 shares during the period. Finally, HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker's stock worth $49,000 after acquiring an additional 80 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

## Insider Activity at Apple

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In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company's stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Deirdre O'brien sold 54,732 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company's stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last quarter. Insiders own 0.06% of the company's stock.

## Apple Stock Performance

-   ASML’s Earnings Could Bring The Stock to New Highs

NASDAQ AAPL opened at $165.00 on Friday. The company has a market capitalization of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average price of $174.67 and a two-hundred day moving average price of $182.11. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. Analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current year.

## Apple Announces Dividend

-   PayPal’s User Decline Won’t Stop Its Double-Digit Upside

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple's payout ratio is 14.95%.

## Analysts Set New Price Targets

A number of research firms recently weighed in on AAPL. Bank of America raised shares of Apple from a "neutral" rating to a "buy" rating and raised their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Maxim Group began coverage on shares of Apple in a research report on Wednesday. They issued a "hold" rating and a $178.00 target price for the company. Piper Sandler decreased 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. JPMorgan Chase & Co. decreased their target price on shares of Apple from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group raised their target price on shares of Apple from $223.00 to $232.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $203.34.

**Read Our Latest Stock Report on Apple**

## 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.

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**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).

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
