Apple Inc. (NASDAQ:AAPL) Shares Bought by Column Capital Advisors LLC

Column Capital Advisors LLC increased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 9.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,342 shares of the iPhone maker’s stock after purchasing an additional 2,888 shares during the period. Apple accounts for about 1.0% of Column Capital Advisors LLC’s portfolio, making the stock its 17th largest position. Column Capital Advisors LLC’s holdings in Apple were worth $5,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cardinal Capital Management Inc. raised its position in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC purchased a new position in Apple during the 4th quarter worth approximately $41,000. St. James Investment Advisors LLC purchased a new position in Apple during the 4th quarter worth approximately $57,000. Emerson Wealth LLC raised its position in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after buying an additional 320 shares during the last quarter. Finally, Econ Financial Services Corp raised its position in Apple by 29.1% during the 1st quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after buying an additional 95 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday, May 2nd. UBS Group set a $185.00 target price on shares of Apple in a report on Thursday, July 21st. Evercore ISI lifted their target price on shares of Apple from $180.00 to $185.00 in a report on Friday, July 29th. Wedbush lifted their target price on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Piper Sandler cut their target price on shares of Apple from $200.00 to $195.00 in a report on Friday, April 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $180.94.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.2 %

Shares of AAPL stock opened at $174.15 on Friday. The company’s 50-day moving average price is $150.45 and its 200-day moving average price is $157.51. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The stock has a market cap of $2.80 trillion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.24 and a beta of 1.23. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, equities analysts predict that Apple Inc. will post 6.1 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.53%. Apple’s dividend payout ratio (DPR) is currently 15.18%.

Apple announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

About Apple

(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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