Apple Inc. (NASDAQ:AAPL) is Sivia Capital Partners LLC's 3rd Largest Position

Sivia Capital Partners LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,521 shares of the iPhone maker's stock after buying an additional 2,637 shares during the quarter. Apple makes up approximately 4.5% of Sivia Capital Partners LLC's investment portfolio, making the stock its 3rd largest position. Sivia Capital Partners LLC's holdings in Apple were worth $9,667,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Gemmer Asset Management LLC raised its holdings in Apple by 1.5% in the 1st quarter. Gemmer Asset Management LLC now owns 52,113 shares of the iPhone maker's stock valued at $11,576,000 after buying an additional 782 shares during the last quarter. Godsey & Gibb Inc. raised its holdings in Apple by 3.1% during the 1st quarter. Godsey & Gibb Inc. now owns 160,783 shares of the iPhone maker's stock worth $35,715,000 after purchasing an additional 4,890 shares during the last quarter. Persium Advisors LLC raised its holdings in Apple by 16.3% during the 1st quarter. Persium Advisors LLC now owns 5,783 shares of the iPhone maker's stock worth $1,285,000 after purchasing an additional 811 shares during the last quarter. Joule Financial LLC raised its holdings in Apple by 75.0% during the 1st quarter. Joule Financial LLC now owns 5,850 shares of the iPhone maker's stock worth $1,299,000 after purchasing an additional 2,507 shares during the last quarter. Finally, Paragon Financial Partners Inc. raised its holdings in Apple by 0.7% during the 1st quarter. Paragon Financial Partners Inc. now owns 25,419 shares of the iPhone maker's stock worth $5,646,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction 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 in the company, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer owned 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Apple Stock Down 0.6%

AAPL traded down $1.25 during midday trading on Friday, reaching $211.16. 39,713,698 shares of the company were exchanged, compared to its average volume of 53,392,190. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The company's fifty day moving average price is $203.27 and its 200 day moving average price is $217.73. The company has a market cap of $3.15 trillion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 EPS. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

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

Apple Increases Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. China Renaissance assumed coverage on shares of Apple in a report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price target for the company. Rosenblatt Securities lowered shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target for the company. in a report on Friday, May 2nd. Monness Crespi & Hardt raised their price target on shares of Apple to $245.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. TD Cowen lowered their price target on shares of Apple from $290.00 to $275.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, Raymond James Financial lowered their price target on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.27.

Apple 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.