Blueshift Asset Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,890 shares of the iPhone maker's stock after selling 1,794 shares during the period. Apple comprises about 1.0% of Blueshift Asset Management LLC's holdings, making the stock its 11th largest holding. Blueshift Asset Management LLC's holdings in Apple were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently modified their holdings of the company. EULAV Asset Management boosted its position in shares of Apple by 4.8% during the third quarter. EULAV Asset Management now owns 87,056 shares of the iPhone maker's stock valued at $20,284,000 after buying an additional 4,003 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Apple during the third quarter valued at approximately $12,103,000. Glaxis Capital Management LLC bought a new stake in Apple during the third quarter worth $466,000. Silver Oak Advisory Group Inc. boosted its position in Apple by 72.9% in the third quarter. Silver Oak Advisory Group Inc. now owns 9,971 shares of the iPhone maker's stock worth $2,323,000 after purchasing an additional 4,205 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC boosted its position in Apple by 1.2% in the third quarter. Stonebridge Financial Planning Group LLC now owns 14,365 shares of the iPhone maker's stock worth $3,347,000 after purchasing an additional 164 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Price Performance
NASDAQ AAPL traded down $0.94 during trading on Friday, reaching $199.01. The company's stock had a trading volume of 70,744,759 shares, compared to its average volume of 56,305,937. The firm has a fifty day moving average of $203.59 and a 200 day moving average of $225.20. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market capitalization of $2.97 trillion, a PE ratio of 31.59, a P/E/G ratio of 2.44 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping 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 company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. During the same period in the prior year, the business earned $1.53 earnings per share. Apple's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is 16.20%.
Apple declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
AAPL has been the topic of a number of recent analyst reports. KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Barclays lowered their price objective on shares of Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Bank of America reduced their target price on shares of Apple from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Tigress Financial raised their price target on shares of Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, March 18th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.
Check Out Our Latest Stock Report on Apple
Insider Transactions at Apple
In related news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,507 shares of company stock valued at $42,694,080. Insiders own 0.06% of the company's stock.
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.
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