Gibson Capital LLC Buys 3,920 Shares of Apple Inc. (NASDAQ:AAPL)

Gibson Capital LLC grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,374 shares of the iPhone maker's stock after acquiring an additional 3,920 shares during the period. Apple comprises about 0.6% of Gibson Capital LLC's portfolio, making the stock its 11th largest holding. Gibson Capital LLC's holdings in Apple were worth $2,848,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Drystone LLC bought a new position in Apple during the fourth quarter worth $25,000. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter valued at about $71,000. Pillar Financial Advisors LLC acquired a new stake in shares of Apple during the 4th quarter worth about $82,000. Compass Planning Associates Inc bought a new stake in shares of Apple during the 4th quarter worth about $96,000. Finally, Collier Financial acquired a new position in Apple in the 4th quarter valued at about $140,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 4,486 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now directly owns 15,533 shares in the company, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

NASDAQ:AAPL traded up $1.22 during trading hours on Tuesday, hitting $202.67. The company's stock had a trading volume of 52,015,754 shares, compared to its average volume of 56,214,415. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a fifty day simple moving average of $200.72 and a 200-day simple moving average of $223.92. The company has a market capitalization of $3.03 trillion, a P/E ratio of 32.17, a PEG ratio of 2.44 and a beta of 1.22.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 company had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its board has initiated a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.51%. This is a positive change from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is currently 16.20%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Morgan Stanley reaffirmed an "overweight" rating and issued a $235.00 target price on shares of Apple in a research report on Thursday, June 5th. UBS Group restated a "buy" rating on shares of Apple in a research note on Sunday, June 1st. DA Davidson increased their price objective on Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Tigress Financial lifted their target price on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Raymond James reduced their target price on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Four 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. According to MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $234.86.

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.