WC Walker & Associates Inc. increased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,914 shares of the iPhone maker’s stock after purchasing an additional 129 shares during the quarter. Apple makes up 5.3% of WC Walker & Associates Inc.’s portfolio, making the stock its 4th biggest holding. WC Walker & Associates Inc.’s holdings in Apple were worth $10,209,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Apple during the 4th quarter valued at approximately $25,228,507,000. State Street Corp grew its holdings in Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after buying an additional 10,951,705 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in Apple by 1,841.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 8,755,560 shares of the iPhone maker’s stock valued at $78,548,000 after buying an additional 8,304,604 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Apple during the 4th quarter valued at approximately $1,461,735,000. Finally, Capital Research Global Investors grew its holdings in Apple by 38.1% during the 4th quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock valued at $5,247,094,000 after buying an additional 8,154,171 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.
AAPL opened at $138.93 on Monday. The firm has a market cap of $2.25 trillion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.82 and a beta of 1.19. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 1.53. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The stock has a fifty day moving average price of $145.41 and a 200-day moving average price of $160.86.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The iPhone maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $97.28 billion during the quarter, compared to analyst estimates of $93.99 billion. Apple had a return on equity of 152.88% and a net margin of 26.41%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. On average, equities research analysts forecast that Apple Inc. will post 6.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Monday, May 9th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.66%. This is an increase from Apple’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, May 6th. Apple’s payout ratio is 14.94%.
Apple announced that its board has authorized a stock buyback plan on Thursday, April 28th that permits the company to buyback $90.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
Several research firms have weighed in on AAPL. Fundamental Research cut their price target on Apple from $179.32 to $175.24 and set an “average” rating for the company in a report on Friday, May 6th. Barclays set a $167.00 target price on Apple in a report on Tuesday, June 7th. Credit Suisse Group set a $169.00 target price on Apple in a report on Friday, April 29th. StockNews.com started coverage on Apple in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group set a $157.00 target price on Apple in a report on Friday, June 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.64.
In related news, SVP Deirdre O’brien sold 8,000 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $164.91, for a total transaction of $1,319,280.00. Following the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $22,475,583.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $161.72, for a total value of $4,043,000.00. Following the transaction, the senior vice president now owns 452,334 shares in the company, valued at $73,151,454.48. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.
Apple Company Profile (Get Rating)
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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