Boston Partners Acquires 1,080 Shares of Apple Inc. (NASDAQ:AAPL)

Boston Partners raised its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,098 shares of the iPhone maker’s stock after acquiring an additional 1,080 shares during the quarter. Boston Partners’ holdings in Apple were worth $5,954,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Cardinal Capital Management Inc. lifted its position in shares of Apple by 5,525.0% during the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC bought a new position in shares of Apple during the 4th quarter worth approximately $41,000. Emerson Wealth LLC lifted its position in Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 320 shares during the last quarter. Econ Financial Services Corp boosted its stake in Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock valued at $74,000 after acquiring an additional 95 shares in the last quarter. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new position in Apple in the fourth quarter worth $116,000. 57.72% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL opened at $155.81 on Tuesday. The firm has a market capitalization of $2.50 trillion, a PE ratio of 25.71, a PEG ratio of 2.02 and a beta of 1.23. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The firm’s 50-day moving average price is $156.11 and its 200 day moving average price is $157.00.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly 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 return on equity of 152.97% and a net margin of 25.71%. The business had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 6.1 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. Apple’s payout ratio is 15.18%.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAPL. Rosenblatt Securities lowered their price objective on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, July 29th. UBS Group set a $185.00 price target on Apple in a research note on Thursday, July 21st. Barclays decreased their price objective on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft set a $175.00 target price on shares of Apple in a research report on Monday, August 1st. Finally, The Goldman Sachs Group set a $139.00 price target on shares of Apple in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $182.00.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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