Ogorek Anthony Joseph NY ADV grew its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,570 shares of the iPhone maker’s stock after buying an additional 797 shares during the quarter. Apple makes up about 1.5% of Ogorek Anthony Joseph NY ADV’s investment portfolio, making the stock its 15th biggest position. Ogorek Anthony Joseph NY ADV’s holdings in Apple were worth $3,766,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. PDS Planning Inc boosted its stake in Apple by 147.9% in the fourth quarter. PDS Planning Inc now owns 115,987 shares of the iPhone maker’s stock worth $20,596,000 after purchasing an additional 69,193 shares in the last quarter. Deltec Asset Management LLC raised its holdings in shares of Apple by 67.6% in the fourth quarter. Deltec Asset Management LLC now owns 47,612 shares of the iPhone maker’s stock valued at $8,454,000 after buying an additional 19,200 shares during the last quarter. CVA Family Office LLC lifted its position in Apple by 185.6% during the 4th quarter. CVA Family Office LLC now owns 40,345 shares of the iPhone maker’s stock worth $7,164,000 after buying an additional 26,221 shares in the last quarter. Iyo Bank Ltd. acquired a new stake in Apple in the 4th quarter valued at about $11,842,000. Finally, Peterson Wealth Advisors LLC raised its stake in shares of Apple by 5.3% in the fourth quarter. Peterson Wealth Advisors LLC now owns 14,122 shares of the iPhone maker’s stock worth $2,508,000 after acquiring an additional 717 shares during the last quarter. Institutional investors and hedge funds own 57.98% of the company’s stock.
Insider Buying and Selling
In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated 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 directly owns 452,334 shares of the company’s stock, valued at approximately $73,151,454.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.
Apple Stock Up 3.4 %
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results 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 company had revenue of $97.28 billion during the quarter, compared to analysts’ expectations of $93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. On average, sell-side analysts expect that Apple Inc. will post 6.09 EPS for the current fiscal year.
Apple announced that its board has approved a stock repurchase plan on Thursday, April 28th that authorizes the company to repurchase $90.00 billion in shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research firms have recently commented on AAPL. StockNews.com started coverage on shares of Apple in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup decreased their price objective on Apple from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. KeyCorp dropped their target price on Apple from $191.00 to $173.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Deutsche Bank Rese… set a $210.00 price target on Apple in a research note on Friday, April 8th. Finally, Itaú Unibanco started coverage on Apple in a research report on Tuesday. They issued an “underperform” rating and a $136.00 price objective for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.64.
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)
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