Stillwater Capital Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 268,303 shares of the iPhone maker’s stock after selling 9,608 shares during the period. Apple accounts for approximately 8.6% of Stillwater Capital Advisors LLC’s portfolio, making the stock its largest holding. Stillwater Capital Advisors LLC’s holdings in Apple were worth $44,243,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AAPL. IFM Investors Pty Ltd boosted its holdings in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after acquiring an additional 435,891 shares during the period. Ironwood Wealth Management LLC. raised its position in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp increased its holdings in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the period. Camden Capital LLC increased its holdings in Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC boosted its position in Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares in the last quarter. 57.89% of the stock is owned by institutional investors.
Insider Buying and Selling at Apple
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the transaction, the senior vice president now owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on AAPL. Wedbush boosted their price target on Apple from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Monday, May 22nd. KeyCorp boosted their price objective on shares of Apple from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Ten research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $198.86.
Get Our Latest Stock Analysis on Apple
Apple Trading Up 0.0 %
Shares of Apple stock opened at $177.79 on Friday. The company has a market capitalization of $2.78 trillion, a P/E ratio of 29.88, a P/E/G ratio of 2.59 and a beta of 1.28. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. The company has a fifty day moving average of $187.77 and a 200 day moving average of $169.93. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. The company had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 6.05 earnings per share for the current fiscal year.
Apple declared that its board has approved a stock repurchase plan on Thursday, May 4th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, August 11th. Apple’s dividend payout ratio is currently 16.13%.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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