Apple Inc. (NASDAQ:AAPL) Stock Position Lifted by Neo Ivy Capital Management
A number of other large investors have also recently added to or reduced their stakes in AAPL. OLD Mission Capital LLC bought a new position in Apple during the 3rd quarter worth approximately $1,238,000. Morgan Stanley lifted its holdings in shares of Apple by 2.8% in the 2nd quarter. Morgan Stanley now owns 125,859,709 shares of the iPhone maker’s stock worth $17,237,745,000 after purchasing an additional 3,472,624 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Apple by 2.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,293,356 shares of the iPhone maker’s stock worth $183,007,000 after purchasing an additional 30,049 shares during the last quarter. New World Advisors LLC lifted its holdings in shares of Apple by 8.0% in the 3rd quarter. New World Advisors LLC now owns 23,520 shares of the iPhone maker’s stock worth $3,497,000 after purchasing an additional 1,739 shares during the last quarter. Finally, EagleClaw Capital Managment LLC lifted its holdings in shares of Apple by 1.9% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 157,372 shares of the iPhone maker’s stock worth $22,273,000 after purchasing an additional 2,926 shares during the last quarter. 57.98% of the stock is currently owned by institutional investors.
AAPL has been the topic of several recent research reports. Fundamental Research cut their price target on Apple from $179.32 to $175.24 and set an “average” rating on the stock in a report on Friday, May 6th. Rosenblatt Securities cut their price target on Apple from $184.00 to $168.00 and set a “neutral” rating on the stock in a report on Monday, May 2nd. Credit Suisse Group set a $169.00 target price on Apple in a research report on Friday, April 29th. StockNews.com assumed coverage on Apple in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Tigress Financial raised their target price on Apple from $198.00 to $210.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 15th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $186.55.
In related news, SVP Deirdre O’brien sold 29,198 shares of Apple stock in a transaction on Monday, April 4th. The stock was sold at an average price of $177.77, for a total transaction of $5,190,528.46. Following the completion of the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $24,228,273.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 105,901 shares of Apple stock in a transaction on Monday, April 4th. The shares were sold at an average price of $177.75, for a total value of $18,823,902.75. Following the sale, the chief operating officer now directly owns 489,662 shares of the company’s stock, valued at approximately $87,037,420.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,099 shares of company stock valued at $29,376,711. 0.06% of the stock is currently owned by insiders.
AAPL opened at $132.76 on Wednesday. The firm has a market cap of $2.15 trillion, a PE ratio of 21.55, a P/E/G ratio of 1.79 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.93 and a debt-to-equity ratio of 1.53. The business has a fifty day simple moving average of $153.46 and a 200-day simple moving average of $164.00. Apple Inc. has a fifty-two week low of $128.46 and a fifty-two week high of $182.94.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $97.28 billion during the quarter, compared to analyst estimates of $93.99 billion. Apple had a return on equity of 152.88% and a net margin of 26.41%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. On average, equities research analysts anticipate that Apple Inc. will post 6.11 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, May 6th. This is a boost from Apple’s previous quarterly dividend of $0.22. Apple’s dividend payout ratio (DPR) is 14.94%.
Apple announced that its board has initiated a share repurchase plan on Thursday, April 28th that permits the company to buyback $90.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Apple 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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