John W. Brooker & Co. CPAs Acquires 1,523 Shares of Apple Inc. $AAPL

Key Points

• John W. Brooker & Co. CPAs increased its stake in Apple Inc. ($AAPL) by 9.3%, acquiring 1,523 additional shares to own a total of 17,964 shares worth approximately $3.99 million.
• Apple's recent earnings report showed a profit of $1.57 per share, exceeding analyst expectations, with quarterly revenue rising 9.6% year-over-year to $94.04 billion.
• The company announced a new share repurchase program worth $100 billion, signaling confidence in its stock value, while also declaring a quarterly dividend of $0.26 per share.

John W. Brooker & Co. CPAs boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,964 shares of the iPhone maker's stock after buying an additional 1,523 shares during the quarter. Apple makes up about 1.7% of John W. Brooker & Co. CPAs' investment portfolio, making the stock its 18th largest holding. John W. Brooker & Co. CPAs' holdings in Apple were worth $3,990,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advanced Portfolio Management LLC raised its position in shares of Apple by 0.3% in 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 during the period. Salus Financial Advisors LLC increased its position in Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after purchasing an additional 49 shares in the last quarter. Disciplined Investments LLC raised its holdings in Apple by 0.7% in the fourth quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock valued at $1,794,000 after buying an additional 51 shares during the period. Redwood Financial Network Corp lifted its position in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock valued at $2,184,000 after buying an additional 53 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC increased its position in shares of Apple by 1.3% in the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock worth $892,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ AAPL traded down $0.42 during trading hours on Friday, hitting $232.14. The company had a trading volume of 39,382,353 shares, compared to its average volume of 58,935,340. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.45 trillion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a fifty day simple moving average of $215.79 and a 200-day simple moving average of $213.08.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analysts' expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 EPS. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is presently 15.78%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AAPL shares. Citigroup upped their price target on shares of Apple from $240.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a research note on Wednesday, August 13th. Evercore ISI reissued an "outperform" rating and set a $250.00 price target on shares of Apple in a research report on Wednesday, August 13th. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Friday, July 25th. Finally, TD Cowen dropped their price objective on shares of Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $237.37.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

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.