Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. lifted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,659 shares of the iPhone maker’s stock after acquiring an additional 2,761 shares during the quarter. Apple accounts for about 6.9% of Mcdaniel Terry & Co.’s portfolio, making the stock its 2nd largest position. Mcdaniel Terry & Co.’s holdings in Apple were worth $63,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Elk River Wealth Management LLC increased its position in shares of Apple by 49.0% during the first quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after acquiring an additional 54,989 shares during the period. Piscataqua Savings Bank grew its stake in shares of Apple by 1.5% during the first quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after purchasing an additional 684 shares in the last quarter. Fountainhead AM LLC grew its stake in shares of Apple by 11.6% during the fourth quarter. Fountainhead AM LLC now owns 45,544 shares of the iPhone maker’s stock worth $7,732,000 after purchasing an additional 4,738 shares in the last quarter. Primoris Wealth Advisors LLC acquired a new position in shares of Apple during the fourth quarter worth $4,282,000. Finally, Red Door Wealth Management LLC grew its stake in shares of Apple by 3.3% during the first quarter. Red Door Wealth Management LLC now owns 96,983 shares of the iPhone maker’s stock worth $16,934,000 after purchasing an additional 3,087 shares in the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

Apple Trading Up 3.3 %

Shares of Apple stock opened at $162.51 on Monday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 1.53. The stock has a market cap of $2.63 trillion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.19. The company has a 50-day moving average of $144.31 and a two-hundred day moving average of $157.20.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 26.41% and a return on equity of 152.88%. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same period last year, the company posted $1.30 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 6.09 EPS for the current fiscal year.

Apple declared that its Board of Directors has authorized a share buyback program on Thursday, April 28th that allows the company to buyback $90.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.94%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the firm’s 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 completion of the transaction, 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 filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on AAPL shares. JPMorgan Chase & Co. set a $200.00 target price on shares of Apple in a research note on Monday, July 25th. Credit Suisse Group set a $166.00 price objective on shares of Apple in a research note on Friday. Morgan Stanley decreased their price objective on shares of Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Fundamental Research decreased their price objective on shares of Apple from $179.32 to $175.24 and set an “average” rating for the company in a research note on Friday, May 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $179.04.

Apple Company Profile

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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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