Mirador Capital Partners LP boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,043 shares of the iPhone maker's stock after buying an additional 7,639 shares during the period. Apple makes up 4.3% of Mirador Capital Partners LP's investment portfolio, making the stock its 4th biggest holding. Mirador Capital Partners LP's holdings in Apple were worth $24,444,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Advanced Portfolio Management LLC lifted its holdings 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 acquiring an additional 47 shares during the last quarter. Hanseatic Management Services Inc. raised its position in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after purchasing an additional 48 shares in the last quarter. Family Capital Management Inc. increased its position in Apple by 0.3% during the 4th quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock valued at $4,235,000 after purchasing an additional 48 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Apple by 0.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker's stock valued at $4,178,000 after purchasing an additional 48 shares during the period. Finally, Scarborough Advisors LLC increased its position in Apple by 0.3% during the 4th quarter. Scarborough Advisors LLC now owns 15,940 shares of the iPhone maker's stock valued at $3,992,000 after purchasing an additional 51 shares during the period. 67.73% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Apple news, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the sale, the insider now directly owns 15,533 shares of the company's stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was 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 $941,214. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,507 shares of company stock valued at $42,694,080 over the last ninety days. 0.06% of the stock is owned by company insiders.
Apple Trading Up 0.0%
NASDAQ:AAPL opened at $201.08 on Friday. The stock's 50 day moving average price is $202.61 and its 200 day moving average price is $220.21. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a market capitalization of $3.00 trillion, a P/E ratio of 31.32, a P/E/G ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. During the same quarter last year, the company posted $1.53 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple announced that its board has initiated a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. This is a boost from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio (DPR) is 16.20%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AAPL. Monness Crespi & Hardt lifted their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Scotiabank cut shares of Apple to a "market perform" rating in a research note on Friday, May 2nd. Tigress Financial lifted their price objective on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 3rd. China Renaissance began coverage on shares of Apple in a research note on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price objective for the company. Finally, UBS Group reaffirmed a "buy" rating on shares of Apple in a report on Sunday, June 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and an average target price of $234.39.
Check Out Our Latest Stock Analysis on Apple
About Apple
(
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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