Apple Inc. (NASDAQ:AAPL) Holdings Boosted by Redmond Asset Management LLC

Redmond Asset Management LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 97.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,836 shares of the iPhone maker's stock after purchasing an additional 8,811 shares during the period. Apple makes up about 1.1% of Redmond Asset Management LLC's holdings, making the stock its 22nd biggest position. Redmond Asset Management LLC's holdings in Apple were worth $4,466,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. AMF Tjanstepension AB lifted its position in shares of Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker's stock valued at $787,631,000 after acquiring an additional 588,427 shares during the period. Latitude Advisors LLC boosted its position in Apple by 0.3% during the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker's stock worth $4,016,000 after purchasing an additional 50 shares in the last quarter. Trajan Wealth LLC grew its holdings in Apple by 9.5% in the third quarter. Trajan Wealth LLC now owns 191,920 shares of the iPhone maker's stock valued at $44,717,000 after purchasing an additional 16,707 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Apple in the third quarter valued at $14,989,000. Finally, Golden State Equity Partners increased its position in shares of Apple by 2.4% in the third quarter. Golden State Equity Partners now owns 116,184 shares of the iPhone maker's stock valued at $27,071,000 after buying an additional 2,751 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Down 3.7 %

NASDAQ:AAPL traded down $7.97 on Friday, reaching $205.35. The stock had a trading volume of 100,891,435 shares, compared to its average volume of 56,771,720. The company has a 50-day moving average of $212.98 and a 200 day moving average of $228.83. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.08 trillion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. 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 results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating 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 the consensus estimate of $94.04 billion. During the same quarter in the prior year, the business posted $1.53 earnings per share. Apple's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its board has approved a share repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.51%. Apple's dividend payout ratio is currently 15.87%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock worth $41,760,140 in the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AAPL shares. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. DA Davidson lifted their price objective on Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price objective on shares of Apple in a research note on Friday. JPMorgan Chase & Co. lowered their price target on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Wedbush downgraded shares of Apple from an "outperform" rating to a "neutral" rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $233.25.

Apple Company 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.