Apple Inc. (NASDAQ:AAPL) is LexAurum Advisors LLC’s 2nd Largest Position

LexAurum Advisors LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,456 shares of the iPhone maker’s stock after purchasing an additional 1,366 shares during the quarter. Apple makes up 4.5% of LexAurum Advisors LLC’s holdings, making the stock its 2nd largest position. LexAurum Advisors LLC’s holdings in Apple were worth $13,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in AAPL. Bailey Value Limited Partnership acquired a new position in Apple during the 4th quarter valued at about $10,654,000. Qube Research & Technologies Ltd boosted its holdings in shares of Apple by 145.8% in the 4th quarter. Qube Research & Technologies Ltd now owns 643,206 shares of the iPhone maker’s stock valued at $114,214,000 after acquiring an additional 381,507 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Apple by 12.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 351,935 shares of the iPhone maker’s stock valued at $62,493,000 after acquiring an additional 40,329 shares during the last quarter. Girard Partners LTD. boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Girard Partners LTD. now owns 398,321 shares of the iPhone maker’s stock valued at $70,730,000 after acquiring an additional 2,003 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of Apple in the 4th quarter valued at $6,637,000. 57.62% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.2 %

Shares of AAPL opened at $167.23 on Wednesday. The firm has a 50-day moving average price of $152.54 and a 200 day moving average price of $157.29. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 27.60, a P/E/G ratio of 2.22 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Sell-side analysts forecast that Apple Inc. will post 6.1 EPS for the current year.

Apple announced that its board has authorized a share repurchase program on Thursday, April 28th that authorizes the company to buyback $90.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to buy up to 3.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Apple Announces Dividend

The company also recently announced 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 0.55%. Apple’s dividend payout ratio (DPR) is 15.18%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AAPL. Wedbush upped their price objective on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Piper Sandler decreased their target price on shares of Apple from $200.00 to $195.00 in a research note on Friday, April 29th. Barclays decreased their target price on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 13th. Evercore ISI boosted their target price on shares of Apple from $180.00 to $185.00 in a research note on Friday, July 29th. Finally, JPMorgan Chase & Co. set a $200.00 target price on shares of Apple in a research note on Monday. Two equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.18.

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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