Oak Family Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,436 shares of the iPhone maker’s stock after buying an additional 797 shares during the quarter. Apple makes up approximately 2.6% of Oak Family Advisors LLC’s investment portfolio, making the stock its 5th largest position. Oak Family Advisors LLC’s holdings in Apple were worth $6,537,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Daniels&Tansey LLP lifted its position in shares of Apple by 1.6% during the 4th quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock valued at $685,000 after acquiring an additional 60 shares during the last quarter. Donald L. Hagan LLC boosted its holdings in Apple by 0.3% in the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after purchasing an additional 61 shares in the last quarter. Goodwin Daniel L lifted its holdings in Apple by 0.5% in the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after purchasing an additional 62 shares during the last quarter. Opus Capital Group LLC increased its stake in shares of Apple by 0.3% in the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after purchasing an additional 63 shares during the period. Finally, Norwood Financial Corp grew its stake in shares of Apple by 0.9% in the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after acquiring an additional 65 shares during the last quarter. 57.62% of the stock is currently owned by institutional investors and hedge funds.
Apple Trading Up 0.9 %
Shares of AAPL stock opened at $174.55 on Thursday. The business has a fifty day simple moving average of $149.82 and a 200-day simple moving average of $157.52. The stock has a market cap of $2.81 trillion, a P/E ratio of 28.80, a P/E/G ratio of 2.24 and a beta of 1.23. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The company had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. On average, analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.
Apple announced that its Board of Directors has approved a share repurchase plan on Thursday, April 28th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.53%. Apple’s payout ratio is 15.18%.
In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was 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 of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
AAPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. set a $200.00 price objective on Apple in a report on Monday, July 25th. Fundamental Research set a $177.07 target price on Apple and gave the stock a “buy” rating in a research report on Thursday, August 4th. Rosenblatt Securities dropped their price objective on shares of Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a report on Friday, July 29th. Evercore ISI lifted their target price on Apple from $180.00 to $185.00 in a research report on Friday, July 29th. Finally, set a $175.00 price objective on Apple in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $180.94.
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.
Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.