Apple Inc. (NASDAQ:AAPL) Position Boosted by Essex LLC

Essex LLC lifted its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,864 shares of the iPhone maker’s stock after buying an additional 96 shares during the period. Apple makes up approximately 2.2% of Essex LLC’s portfolio, making the stock its 7th biggest holding. Essex LLC’s holdings in Apple were worth $8,183,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daniels&Tansey LLP lifted its stake in Apple by 1.6% in 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 in the last quarter. Donald L. Hagan LLC lifted its stake in Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after acquiring an additional 61 shares in the last quarter. Investors Research Corp lifted its stake in Apple by 0.4% in the 1st quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after acquiring an additional 66 shares in the last quarter. Financial Planning & Information Services Inc. lifted its stake in Apple by 1.0% in the 4th quarter. Financial Planning & Information Services Inc. now owns 6,837 shares of the iPhone maker’s stock valued at $1,214,000 after acquiring an additional 67 shares in the last quarter. Finally, Salzhauer Michael lifted its stake in Apple by 2.0% in the 4th quarter. Salzhauer Michael now owns 3,397 shares of the iPhone maker’s stock valued at $603,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of 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 filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $168.49 on Friday. The stock has a fifty day moving average price of $147.38 and a 200-day moving average price of $157.16. The company has a market cap of $2.71 trillion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.14 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94.

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

Apple declared that its Board of Directors has initiated a share repurchase program on Thursday, April 28th that permits the company to repurchase $90.00 billion in shares. This repurchase authorization permits the iPhone maker to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors 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 0.55%. Apple’s dividend payout ratio is currently 15.18%.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Loop Capital cut their target price on Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. Wells Fargo & Company lowered their price target on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. set a $175.00 price target on Apple in a research report on Friday, July 29th. KeyCorp boosted their price target on Apple from $173.00 to $177.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 2nd. Finally, Citigroup boosted their price target on Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $179.27.

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.

Featured Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).



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.

Leave a Reply

Your email address will not be published. Required fields are marked *