Apple Inc. (NASDAQ:AAPL) is Delta Capital Management LLC’s Largest Position

Delta Capital Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 13.1% in the first quarter, HoldingsChannel reports. The firm owned 38,409 shares of the iPhone maker’s stock after selling 5,798 shares during the period. Apple comprises about 4.5% of Delta Capital Management LLC’s portfolio, making the stock its largest holding. Delta Capital Management LLC’s holdings in Apple were worth $6,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PDS Planning Inc raised its stake in shares of Apple by 147.9% in the 4th quarter. PDS Planning Inc now owns 115,987 shares of the iPhone maker’s stock valued at $20,596,000 after purchasing an additional 69,193 shares in the last quarter. Deltec Asset Management LLC increased its stake in Apple by 67.6% during the fourth quarter. Deltec Asset Management LLC now owns 47,612 shares of the iPhone maker’s stock valued at $8,454,000 after purchasing an additional 19,200 shares during the last quarter. CVA Family Office LLC increased its stake in Apple by 185.6% during the fourth quarter. CVA Family Office LLC now owns 40,345 shares of the iPhone maker’s stock valued at $7,164,000 after purchasing an additional 26,221 shares during the last quarter. Iyo Bank Ltd. bought a new stake in Apple during the fourth quarter valued at $11,842,000. Finally, Peterson Wealth Advisors LLC increased its stake in Apple by 5.3% during the fourth quarter. Peterson Wealth Advisors LLC now owns 14,122 shares of the iPhone maker’s stock valued at $2,508,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the 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 transaction, the senior vice president now owns 452,334 shares in the company, valued at approximately $73,151,454.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $156.79 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.88. The firm has a market cap of $2.54 trillion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.98 and a beta of 1.19. The stock’s fifty day moving average price is $143.41 and its two-hundred day moving average price is $157.62. Apple Inc. has a one year low of $129.04 and a one year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released 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 business had revenue of $97.28 billion for the quarter, compared to the consensus estimate of $93.99 billion. During the same period in the prior year, the company posted $1.40 earnings per share. Apple’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post 6.09 EPS for the current year.

Apple announced that its Board of Directors has initiated a share buyback 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 reacquire up to 3.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AAPL shares. Itaú Unibanco started coverage on Apple in a research report on Tuesday. They set an “underperform” rating and a $136.00 price objective for the company. The Goldman Sachs Group set a $130.00 price objective on Apple in a research report on Tuesday, July 19th. KeyCorp cut their price target on Apple from $191.00 to $173.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Rosenblatt Securities decreased their target price on Apple from $184.00 to $168.00 and set a “neutral” rating for the company in a research note on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Apple from $200.00 to $175.00 in a research report on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, nine have given 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $179.64.

About Apple

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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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