Bordeaux Wealth Advisors LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,983 shares of the iPhone maker's stock after selling 6,019 shares during the period. Apple comprises approximately 6.7% of Bordeaux Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Bordeaux Wealth Advisors LLC's holdings in Apple were worth $36,203,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC lifted its stake in Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker's stock worth $3,199,000 after purchasing an additional 93 shares in the last quarter. Avid Wealth Partners LLC increased its stake in Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker's stock valued at $935,000 after acquiring an additional 930 shares during the last quarter. OneAscent Wealth Management LLC lifted its stake in Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker's stock worth $2,337,000 after purchasing an additional 409 shares during the last quarter. TruWealth Advisors LLC raised its holdings in shares of Apple by 2.8% during the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker's stock valued at $42,045,000 after buying an additional 5,120 shares in the last quarter. Finally, Allstate Corp lifted its position 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 buying an additional 438,471 shares during the last quarter. Institutional investors own 67.73% of the company's stock.
Insider Activity at Apple
In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.06% of the stock is owned by company insiders.
Apple Stock Up 1.6%
Shares of AAPL traded up $3.68 during trading hours on Wednesday, hitting $233.33. The company had a trading volume of 69,815,794 shares, compared to its average volume of 58,071,793. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 2.38 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The firm has a fifty day moving average price of $207.88 and a 200-day moving average price of $213.21.
Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business's revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. On average, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple announced that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 11th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is 15.78%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AAPL shares. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $217.00 price objective on shares of Apple in a research note on Tuesday, July 29th. UBS Group boosted their price objective on Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Barclays upped their price target on shares of Apple from $173.00 to $180.00 and gave the company an "underweight" rating in a report on Friday, August 1st. Loop Capital lowered their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets restated a "buy" rating on shares of Apple in a report on Wednesday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $237.60.
Check Out Our Latest Analysis on AAPL
Apple Profile
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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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