18,261 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Inkwell Capital LLC

Inkwell Capital LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,261 shares of the iPhone maker's stock, valued at approximately $4,573,000. Apple accounts for approximately 4.9% of Inkwell Capital LLC's investment portfolio, making the stock its 5th biggest position.

A number of other large investors also recently added to or reduced their stakes in the business. Drystone LLC bought a new position in Apple during the fourth quarter valued at approximately $25,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the 3rd quarter worth approximately $71,000. Pillar Financial Advisors LLC purchased a new stake in shares of Apple during the 4th quarter worth approximately $82,000. Compass Planning Associates Inc purchased a new position in shares of Apple in the fourth quarter valued at $96,000. Finally, Collier Financial bought a new stake in Apple in the fourth quarter worth $140,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 0.2%

NASDAQ:AAPL traded up $0.40 during trading hours on Thursday, reaching $199.18. The company's stock had a trading volume of 43,675,646 shares, compared to its average volume of 55,560,287. The stock has a 50 day moving average price of $200.92 and a two-hundred day moving average price of $223.60. 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 company has a market capitalization of $2.97 trillion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. Apple Inc. has a 12 month low of $169.21 and a 12 month 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 earnings per share 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 during the quarter, compared to analysts' expectations of $94.04 billion. During the same period in the prior year, the business posted $1.53 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

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

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Citigroup reissued a "buy" rating on shares of Apple in a research note on Tuesday. Loop Capital decreased their price objective on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lifted their target price on Apple to $250.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Finally, Maxim Group boosted their target price on Apple to $215.00 and gave the company a "hold" rating in a research report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $234.86.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 4,486 shares of Apple 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 transaction, the insider now owns 15,533 shares of the company's stock, valued at $3,233,815.27. The trade was a 22.41% 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 worth $42,694,080. Company insiders own 0.06% of the company's stock.

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.