O Dell Group LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,149 shares of the iPhone maker's stock after selling 2,625 shares during the quarter. Apple accounts for approximately 5.2% of O Dell Group LLC's portfolio, making the stock its 7th largest holding. O Dell Group LLC's holdings in Apple were worth $23,076,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Amara Financial LLC. purchased a new position in shares of Apple in the third quarter valued at $288,000. Simmons Bank lifted its position in Apple by 1.6% during the third quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock valued at $30,905,000 after purchasing an additional 2,086 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Apple in the third quarter worth $4,972,000. SYM FINANCIAL Corp increased its position in shares of Apple by 6.3% during the 3rd quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock valued at $6,670,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Cardano Risk Management B.V. raised its stake in shares of Apple by 2.9% during the third quarter. Cardano Risk Management B.V. now owns 3,723,104 shares of the iPhone maker's stock worth $876,483,000 after acquiring an additional 103,856 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
Apple Price Performance
Shares of NASDAQ:AAPL opened at $206.86 on Wednesday. The firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 32.83, a P/E/G ratio of 2.44 and a beta of 1.27. The firm has a fifty day moving average price of $205.87 and a 200 day moving average price of $226.43. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. The business had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. As a group, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple declared that its board has approved a stock repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
Apple Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a $0.26 dividend. The ex-dividend date was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.50%. Apple's dividend payout ratio (DPR) is 16.20%.
Insider Buying and Selling
In other news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 191,507 shares of company stock worth $42,694,080. Insiders own 0.06% of the company's stock.
Analyst Ratings Changes
AAPL has been the subject of several analyst reports. Tigress Financial increased their target price on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. Evercore ISI lifted their price objective on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. The Goldman Sachs Group lowered their target price on Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. TD Cowen cut their price target on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $225.00 price objective on shares of Apple in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $235.80.
Check Out Our Latest Research Report on AAPL
About Apple
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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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