Kiley Juergens Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,121 shares of the iPhone maker's stock after selling 4,447 shares during the period. Apple makes up 9.0% of Kiley Juergens Wealth Management LLC's portfolio, making the stock its 2nd biggest holding. Kiley Juergens Wealth Management LLC's holdings in Apple were worth $34,013,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Apple in the fourth quarter valued at about $46,868,648,000. GAMMA Investing LLC lifted its stake in shares of Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock valued at $133,425,490,000 after buying an additional 59,835,676 shares during the period. Vanguard Group Inc. lifted its stake in shares of Apple by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock valued at $349,532,608,000 after buying an additional 49,168,843 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Apple by 23,555.4% in the fourth quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker's stock valued at $5,272,653,000 after buying an additional 20,966,232 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors.
Apple Price Performance
Shares of Apple stock traded up $0.17 during midday trading on Monday, reaching $214.05. The company had a trading volume of 37,786,671 shares, compared to its average volume of 47,818,408. 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 has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The stock has a fifty day simple moving average of $204.87 and a 200 day simple moving average of $214.22. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. The business had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. Apple's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 earnings per share. As a group, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.
Apple announced that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Apple Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. This is a positive change from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is currently 16.20%.
Insider Buying and Selling at Apple
In related news, 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 value of $933,940.34. Following the completion of the sale, the insider owned 15,533 shares of the company's stock, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on AAPL shares. Jefferies Financial Group upgraded shares of Apple from an "underperform" rating to a "hold" rating in a research note on Friday, July 18th. Bank of America reissued a "buy" rating and issued a $235.00 price target on shares of Apple in a research report on Tuesday, June 10th. China Renaissance assumed coverage on shares of Apple in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price target for the company. Morgan Stanley reissued an "overweight" rating on shares of Apple in a research report on Friday, June 13th. Finally, Wedbush reissued an "outperform" rating and issued a $270.00 price target on shares of Apple in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average price target of $234.94.
Read Our Latest Research Report on AAPL
Apple 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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