Impact Investors Inc Invests $2 Million in Apple Inc. (NASDAQ:AAPL)

Impact Investors Inc acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,975 shares of the iPhone maker's stock, valued at approximately $1,997,000. Apple makes up about 1.5% of Impact Investors Inc's portfolio, making the stock its 12th biggest holding.

A number of other hedge funds have also made changes to their positions in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth about $25,000. SPX Gestao de Recursos Ltda purchased a new position in Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth approximately $77,000. Compass Planning Associates Inc purchased a new stake in Apple in the fourth quarter valued at approximately $96,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Activity

In other news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the transaction, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. The trade was a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock worth $41,760,140 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

NASDAQ AAPL traded down $2.25 during trading hours on Wednesday, reaching $196.26. The company's stock had a trading volume of 67,172,446 shares, compared to its average volume of 56,184,954. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company's 50-day moving average is $210.55 and its two-hundred day moving average is $228.13. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock has a market cap of $2.95 trillion, a PE ratio of 31.15, a PEG ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its Board of Directors has authorized a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date is Monday, May 12th. Apple's payout ratio is 16.20%.

Analyst Ratings Changes

AAPL has been the subject of several research reports. Monness Crespi & Hardt reduced their price target on shares of Apple from $260.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays lowered their price target on Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley upped their price objective on Apple from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price on the stock. in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $235.80.

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.