Apple Inc. (NASDAQ:AAPL) Stake Increased by Arlington Financial Advisors LLC

Arlington Financial Advisors LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,484 shares of the iPhone maker's stock after buying an additional 4,706 shares during the quarter. Apple comprises 3.7% of Arlington Financial Advisors LLC's investment portfolio, making the stock its 8th biggest position. Arlington Financial Advisors LLC's holdings in Apple were worth $21,210,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Divergent Planning LLC lifted its holdings in Apple by 12.8% during the 1st quarter. Divergent Planning LLC now owns 10,196 shares of the iPhone maker's stock worth $2,283,000 after purchasing an additional 1,154 shares in the last quarter. Towerpoint Wealth LLC increased its position in shares of Apple by 22.8% during the first quarter. Towerpoint Wealth LLC now owns 19,757 shares of the iPhone maker's stock valued at $4,389,000 after buying an additional 3,670 shares during the period. Capital CS Group LLC lifted its holdings in shares of Apple by 11.6% in the first quarter. Capital CS Group LLC now owns 4,236 shares of the iPhone maker's stock worth $941,000 after buying an additional 439 shares in the last quarter. Archer Investment Management LLC lifted its holdings in shares of Apple by 52.1% in the first quarter. Archer Investment Management LLC now owns 5,602 shares of the iPhone maker's stock worth $1,244,000 after buying an additional 1,918 shares in the last quarter. Finally, Sarasin & Partners LLP boosted its position in shares of Apple by 1.5% in the first quarter. Sarasin & Partners LLP now owns 2,804,497 shares of the iPhone maker's stock valued at $653,448,000 after acquiring an additional 41,062 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction dated 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 now directly owns 15,533 shares in the company, 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 filing with the SEC, which is available at this link. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at $87,377,116.59. This represents a 8.34% 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. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAPL. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a report on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating on shares of Apple in a report on Sunday, June 1st. Bank of America reissued a "buy" rating and set a $235.00 price objective on shares of Apple in a research note on Tuesday, June 10th. Monness Crespi & Hardt upped their target price on Apple to $245.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $270.00 price target on shares of Apple in a report on Tuesday, June 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.39.

Apple Trading Up 0.0%

Shares of NASDAQ AAPL traded up $0.08 during mid-day trading on Friday, hitting $201.08. The stock had a trading volume of 73,093,456 shares, compared to its average volume of 53,360,608. The firm has a market cap of $3.00 trillion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. 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 business has a 50 day moving average price of $202.61 and a two-hundred day moving average price of $220.03. 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 released 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. The business had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.53 EPS. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.52%. Apple's dividend payout ratio is 16.20%.

About Apple

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.