Apple Inc. (NASDAQ:AAPL) Shares Purchased by Dohj LLC

Dohj LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,616 shares of the iPhone maker's stock after purchasing an additional 2,210 shares during the quarter. Apple comprises 1.2% of Dohj LLC's holdings, making the stock its 20th largest holding. Dohj LLC's holdings in Apple were worth $5,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC increased its position in Apple by 0.6% during the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker's stock valued at $3,199,000 after buying an additional 93 shares in the last quarter. OneAscent Wealth Management LLC increased its holdings in shares of Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker's stock valued at $2,337,000 after acquiring an additional 409 shares in the last quarter. TruWealth Advisors LLC raised its position in shares of Apple by 2.8% in the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker's stock valued at $42,045,000 after purchasing an additional 5,120 shares during the last quarter. Allstate Corp boosted its stake in Apple by 3,368.2% in the 4th quarter. Allstate Corp now owns 451,489 shares of the iPhone maker's stock worth $113,062,000 after purchasing an additional 438,471 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its position in Apple by 12.4% during the 4th quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker's stock worth $192,700,000 after purchasing an additional 83,997 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AAPL shares. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research report on Tuesday, June 10th. TD Cowen cut their price objective on shares of Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. DA Davidson boosted their target price on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Bank of America reaffirmed a "buy" rating and set a $235.00 price target on shares of Apple in a research report on Tuesday, June 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $235.11.

Apple Price Performance

AAPL stock traded up $1.16 during mid-day trading on Friday, reaching $211.18. The company's stock had a trading volume of 48,647,642 shares, compared to its average volume of 53,145,744. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The company's 50 day moving average is $204.57 and its two-hundred day moving average is $215.85. 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 $3.15 trillion, a PE ratio of 32.89, a P/E/G ratio of 2.36 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is 16.20%.

Apple announced that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer directly owned 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares of the company's stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

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.