Hall Laurie J Trustee lowered its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 66,516 shares of the iPhone maker’s stock after selling 625 shares during the quarter. Apple makes up about 4.5% of Hall Laurie J Trustee’s investment portfolio, making the stock its 2nd largest position. Hall Laurie J Trustee’s holdings in Apple were worth $11,615,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of AAPL. Segall Bryant & Hamill LLC boosted its holdings in shares of Apple by 2.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,293,356 shares of the iPhone maker’s stock valued at $183,007,000 after purchasing an additional 30,049 shares during the last quarter. New World Advisors LLC boosted its holdings in shares of Apple by 8.0% during the 3rd quarter. New World Advisors LLC now owns 23,520 shares of the iPhone maker’s stock valued at $3,497,000 after purchasing an additional 1,739 shares during the last quarter. EagleClaw Capital Managment LLC boosted its holdings in shares of Apple by 1.9% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 157,372 shares of the iPhone maker’s stock valued at $22,273,000 after purchasing an additional 2,926 shares during the last quarter. Legacy Wealth Planning LLC boosted its holdings in shares of Apple by 9.6% during the 3rd quarter. Legacy Wealth Planning LLC now owns 33,659 shares of the iPhone maker’s stock valued at $4,763,000 after purchasing an additional 2,954 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Apple during the 3rd quarter valued at about $29,000. 57.98% of the stock is owned by institutional investors.
AAPL has been the subject of several research reports. The Goldman Sachs Group set a $157.00 price objective on shares of Apple in a report on Friday, June 3rd. Evercore ISI initiated coverage on shares of Apple in a report on Friday, March 25th. They set a “buy” rating and a $210.00 price objective for the company. Rosenblatt Securities decreased their target price on shares of Apple from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, May 2nd. Fundamental Research decreased their target price on shares of Apple from $179.32 to $175.24 and set an “average” rating on the stock in a research report on Friday, May 6th. Finally, StockNews.com initiated coverage on shares of Apple in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.55.
Shares of NASDAQ:AAPL opened at $135.35 on Thursday. The firm has a market cap of $2.19 trillion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.20. The firm’s 50 day simple moving average is $149.10 and its 200-day simple moving average is $162.75. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $93.99 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 6th. This is an increase from Apple’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Apple’s dividend payout ratio (DPR) is currently 14.94%.
Apple announced that its Board of Directors has authorized a stock buyback plan on Thursday, April 28th that permits the company to repurchase $90.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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.
- Get a free copy of the StockNews.com research report on Apple (AAPL)
- Victoria’s Secret Stock is Out of the Box
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
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.