Invesco LLC Has $12.30 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Invesco LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,361 shares of the iPhone maker's stock after buying an additional 1,951 shares during the period. Apple comprises about 5.1% of Invesco LLC's portfolio, making the stock its 4th biggest position. Invesco LLC's holdings in Apple were worth $12,297,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Life Planning Partners Inc purchased a new position in shares of Apple during the fourth quarter worth approximately $47,000. Conquis Financial LLC acquired a new stake in Apple in the fourth quarter valued at $63,000. LSV Asset Management acquired a new position in shares of Apple during the 4th quarter worth $65,000. Pillar Financial Advisors LLC acquired a new position in shares of Apple during the 4th quarter worth $82,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Apple during the 4th quarter worth $96,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of Apple stock traded up $10.20 during trading on Wednesday, hitting $213.12. The stock had a trading volume of 102,898,971 shares, compared to its average volume of 57,348,797. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $3.16 trillion, a P/E ratio of 32.34, a PEG ratio of 2.14 and a beta of 1.16. The business has a fifty day moving average of $205.58 and a two-hundred day moving average of $213.24. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 11th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 11th. Apple's dividend payout ratio is presently 15.78%.

Apple declared that its Board of Directors has approved a share buyback plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on AAPL shares. Monness Crespi & Hardt lifted their price objective on Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $217.00 price objective on shares of Apple in a research note on Tuesday, July 29th. KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Morgan Stanley boosted their price target on Apple from $235.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, UBS Group upped their target price on Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $237.25.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the transaction, the insider directly owned 15,533 shares of the company's stock, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

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.