Andina Capital Management LLC Has $1.51 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• Andina Capital Management LLC increased its stake in Apple Inc. by 209.2% during the first quarter, now holding 6,786 shares worth approximately $1.5 million.
• Apple's recent earnings report showed an EPS of $1.57, surpassing estimates, with revenue of $94.04 billion for the quarter, a 9.6% increase year-over-year.
• The company announced a quarterly dividend of $0.26 per share, representing an annualized dividend yield of 0.5%.

Andina Capital Management LLC grew its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 209.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,786 shares of the iPhone maker's stock after buying an additional 4,591 shares during the period. Apple makes up approximately 1.1% of Andina Capital Management LLC's holdings, making the stock its 23rd biggest position. Andina Capital Management LLC's holdings in Apple were worth $1,507,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Apple by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock worth $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Norges Bank acquired a new position in shares of Apple during the 4th quarter worth about $46,868,648,000. Northern Trust Corp lifted its position in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock worth $26,220,566,000 after purchasing an additional 13,137,968 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ AAPL traded up $4.04 during trading hours on Friday, reaching $234.07. 55,768,555 shares of the company's stock were exchanged, compared to its average volume of 45,223,864. The stock has a market cap of $3.47 trillion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The firm has a fifty day moving average of $221.50 and a 200-day moving average of $212.39. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. On average, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio is 15.78%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AAPL. The Goldman Sachs Group restated a "buy" rating and set a $266.00 price target on shares of Apple in a research note on Tuesday, August 26th. Rosenblatt Securities boosted their price target on Apple from $223.00 to $241.00 and gave the company a "neutral" rating in a research note on Wednesday. DA Davidson restated a "neutral" rating and set a $250.00 price target on shares of Apple in a research note on Thursday. Morgan Stanley set a $240.00 price target on Apple and gave the company an "overweight" rating in a research note on Wednesday, September 3rd. Finally, HSBC set a $220.00 price target on Apple and gave the company a "hold" rating in a research note on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $240.80.

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.