Compton Wealth Advisory Group LLC Has $14.15 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• Compton Wealth Advisory Group LLC reduced its Apple Inc. stock holdings by 1.9% in Q1, owning 63,683 shares valued at approximately $14.15 million.
• Insider SVP Deirdre O'Brien sold 34,821 shares of Apple for over $7.77 million, reducing her ownership by 20.3%.
• Apple announced a $100 billion share repurchase program, signaling confidence in its stock valuation, alongside a quarterly dividend of $0.26 per share.

Compton Wealth Advisory Group LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,683 shares of the iPhone maker's stock after selling 1,206 shares during the period. Apple makes up approximately 3.9% of Compton Wealth Advisory Group LLC's portfolio, making the stock its 8th largest position. Compton Wealth Advisory Group LLC's holdings in Apple were worth $14,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Advanced Portfolio Management LLC lifted its position in Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock worth $3,260,000 after buying an additional 47 shares in the last quarter. Salus Financial Advisors LLC increased its holdings in shares of Apple by 3.9% in the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock valued at $291,000 after purchasing an additional 49 shares in the last quarter. Disciplined Investments LLC raised its position in Apple by 0.7% in the 4th quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock worth $1,794,000 after purchasing an additional 51 shares during the last quarter. Redwood Financial Network Corp lifted its holdings in Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock worth $2,184,000 after buying an additional 53 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC boosted its position in Apple by 1.3% in the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock valued at $892,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, SVP Deirdre O'brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares of the company's stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company's stock.

Apple Trading Up 1.3%

Shares of NASDAQ:AAPL traded up $2.86 during mid-day trading on Friday, reaching $227.76. The stock had a trading volume of 42,431,176 shares, compared to its average volume of 61,854,304. The firm has a market cap of $3.38 trillion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.16. The firm has a 50 day simple moving average of $212.52 and a two-hundred day simple moving average of $213.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period last year, the company posted $1.40 EPS. Apple's revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple announced that its board has initiated 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 repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio is presently 15.78%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI reiterated an "outperform" rating and issued a $250.00 price target on shares of Apple in a report on Wednesday, August 13th. DA Davidson restated a "buy" rating and set a $250.00 target price on shares of Apple in a research report on Friday, August 1st. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. Bank of America boosted their price target on shares of Apple from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, UBS Group raised their price objective on shares of Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $237.98.

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.