EPG Wealth Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,837 shares of the iPhone maker's stock after selling 5,710 shares during the period. Apple makes up about 5.4% of EPG Wealth Management LLC's portfolio, making the stock its biggest position. EPG Wealth Management LLC's holdings in Apple were worth $20,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Collar Capital Management LLC bought a new stake in shares of Apple during the 4th quarter worth approximately $4,739,000. Colonial Trust Co SC lifted its stake in shares of Apple by 5.9% during the 4th quarter. Colonial Trust Co SC now owns 170,531 shares of the iPhone maker's stock worth $42,704,000 after acquiring an additional 9,453 shares during the last quarter. Cornerstone Financial Group LLC NE bought a new stake in shares of Apple during the 4th quarter worth approximately $808,000. Cornerstone Select Advisors LLC bought a new stake in shares of Apple during the 4th quarter worth approximately $4,315,000. Finally, Capitolis Liquid Global Markets LLC lifted its stake in shares of Apple by 8.4% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 2,535,027 shares of the iPhone maker's stock worth $634,821,000 after acquiring an additional 196,300 shares during the last quarter. 67.73% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple 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 transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is owned by corporate insiders.
Apple Price Performance
Shares of NASDAQ:AAPL traded down $2.78 during trading on Tuesday, reaching $195.64. The stock had a trading volume of 38,432,354 shares, compared to its average volume of 54,632,706. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business has a fifty day moving average price of $202.28 and a 200-day moving average price of $222.66. The stock has a market cap of $2.92 trillion, a PE ratio of 31.05, a PEG ratio of 2.44 and a beta of 1.22. 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the previous year, the company posted $1.53 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple announced that its board has approved a share buyback plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Apple Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. Apple's dividend payout ratio (DPR) is presently 16.20%.
Analyst Ratings Changes
AAPL has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their target price on Apple to $245.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Scotiabank lowered Apple to a "market perform" rating in a research report on Friday, May 2nd. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price for the company. in a research report on Friday, May 2nd. Barclays decreased their target price on Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Finally, Evercore ISI lifted their target price on Apple to $250.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $234.86.
Read Our Latest Stock Report on AAPL
Apple Company 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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