Apple Inc. (NASDAQ:AAPL) is Vigilare Wealth Management’s 2nd Largest Position

Vigilare Wealth Management decreased its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.9% in the 1st quarter, Holdings Channel reports. The firm owned 52,275 shares of the iPhone maker’s stock after selling 2,691 shares during the period. Apple accounts for about 7.5% of Vigilare Wealth Management’s investment portfolio, making the stock its 2nd biggest holding. Vigilare Wealth Management’s holdings in Apple were worth $9,128,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new position in Apple during the 3rd quarter worth $29,000. Shore Point Advisors LLC purchased a new position in Apple during the 4th quarter worth $41,000. St. James Investment Advisors LLC purchased a new position in Apple during the 4th quarter worth $57,000. Econ Financial Services Corp purchased a new position in Apple during the 4th quarter worth $58,000. Finally, Spence Asset Management acquired a new position in shares of Apple during the 4th quarter worth $63,000. Hedge funds and other institutional investors own 57.98% of the company’s stock.

In other news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the sale, the senior vice president now owns 452,334 shares in the company, valued at $73,151,454.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 8,000 shares of Apple stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $164.91, for a total transaction of $1,319,280.00. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $22,475,583.90. The disclosure for this sale can be found here. Insiders sold 168,099 shares of company stock worth $29,376,711 in the last 90 days. 0.06% of the stock is currently owned by insiders.

NASDAQ AAPL opened at $135.35 on Thursday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company’s 50 day moving average price is $149.10 and its 200 day moving average price is $162.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.72 and a beta of 1.20.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The iPhone maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.43 by $0.09. Apple had a net margin of 26.41% and a return on equity of 152.88%. The firm had revenue of $97.28 billion for the quarter, compared to analyst estimates of $93.99 billion. During the same quarter last year, the firm posted $1.40 earnings per share. Apple’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 6.11 EPS for the current fiscal 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 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 usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Monday, May 9th were issued a $0.23 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, May 6th. This represents a $0.92 annualized dividend and a yield of 0.68%. Apple’s dividend payout ratio (DPR) is presently 14.94%.

AAPL has been the topic of a number of recent analyst reports. Credit Suisse Group set a $169.00 price target on shares of Apple in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Apple from $200.00 to $175.00 in a research note on Tuesday, June 14th. The Goldman Sachs Group set a $157.00 price target on shares of Apple in a research note on Friday, June 3rd. Fundamental Research lowered their price target on shares of Apple from $179.32 to $175.24 and set an “average” rating on the stock in a research note on Friday, May 6th. Finally, Bank of America lowered their price objective on shares of Apple from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $186.55.

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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