Diversified LLC lessened its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,844 shares of the iPhone maker’s stock after selling 99 shares during the quarter. Apple comprises about 2.9% of Diversified LLC’s holdings, making the stock its 8th largest holding. Diversified LLC’s holdings in Apple were worth $7,132,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Daniels&Tansey LLP increased its holdings in shares of Apple by 1.6% in the fourth quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock valued at $685,000 after purchasing an additional 60 shares during the last quarter. Hanlon Investment Management Inc. increased its holdings in shares of Apple by 0.7% in the fourth quarter. Hanlon Investment Management Inc. now owns 10,124 shares of the iPhone maker’s stock valued at $1,798,000 after purchasing an additional 66 shares during the last quarter. Investors Research Corp increased its holdings in shares of Apple by 0.4% in the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after purchasing an additional 66 shares during the last quarter. Financial Planning & Information Services Inc. increased its holdings in shares of Apple by 1.0% in the fourth quarter. Financial Planning & Information Services Inc. now owns 6,837 shares of the iPhone maker’s stock valued at $1,214,000 after purchasing an additional 67 shares during the last quarter. Finally, Salzhauer Michael increased its holdings in shares of Apple by 2.0% in the fourth quarter. Salzhauer Michael now owns 3,397 shares of the iPhone maker’s stock valued at $603,000 after purchasing an additional 67 shares during the last quarter. 57.98% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on AAPL. The Goldman Sachs Group set a $157.00 price target on Apple in a report on Friday, June 3rd. Rosenblatt Securities cut their target price on Apple from $184.00 to $168.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. JPMorgan Chase & Co. set a $200.00 target price on Apple in a research note on Friday. Deutsche Bank Rese… set a $210.00 target price on Apple in a research note on Friday, April 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $190.00 target price on shares of Apple in a research note on Wednesday, June 8th. Nine 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.64.
In other news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the sale, the senior vice president now owns 452,334 shares in the company, valued at $73,151,454.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 8,000 shares of Apple stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $164.91, for a total value of $1,319,280.00. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $22,475,583.90. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.
Apple stock opened at $138.93 on Monday. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.88. The stock has a market cap of $2.25 trillion, a PE ratio of 22.55, a P/E/G ratio of 1.82 and a beta of 1.19. The stock’s fifty day moving average is $145.41 and its two-hundred day moving average is $160.86.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Apple had a return on equity of 152.88% and a net margin of 26.41%. The company had revenue of $97.28 billion for the quarter, compared to analysts’ expectations of $93.99 billion. During the same period last year, the firm earned $1.40 earnings per share. Apple’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 6.1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Monday, May 9th were paid a $0.23 dividend. The ex-dividend date was Friday, May 6th. This is a boost from Apple’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 0.66%. Apple’s dividend payout ratio (DPR) is currently 14.94%.
Apple declared that its Board of Directors has initiated a stock buyback plan on Thursday, April 28th that authorizes the company to repurchase $90.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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