Check Capital Management Inc. CA Purchases 673 Shares of Apple Inc. (NASDAQ:AAPL)

Check Capital Management Inc. CA increased its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,580 shares of the iPhone maker’s stock after acquiring an additional 673 shares during the quarter. Apple comprises about 0.2% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 16th biggest holding. Check Capital Management Inc. CA’s holdings in Apple were worth $4,493,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MKT Advisors LLC lifted its stake in shares of Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares during the period. Silver Oak Advisory Group Inc. lifted its stake in shares of Apple by 1.8% during the second quarter. Silver Oak Advisory Group Inc. now owns 3,925 shares of the iPhone maker’s stock worth $537,000 after buying an additional 69 shares during the period. 3D L Capital Management LLC lifted its stake in shares of Apple by 2.9% during the first quarter. 3D L Capital Management LLC now owns 2,445 shares of the iPhone maker’s stock worth $427,000 after buying an additional 70 shares during the period. Weik Capital Management lifted its holdings in shares of Apple by 0.3% during the first quarter. Weik Capital Management now owns 25,238 shares of the iPhone maker’s stock worth $4,407,000 after purchasing an additional 70 shares during the period. Finally, Coyle Financial Counsel LLC lifted its holdings in shares of Apple by 0.3% during the second quarter. Coyle Financial Counsel LLC now owns 26,125 shares of the iPhone maker’s stock worth $3,572,000 after purchasing an additional 71 shares during the period. 57.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 43,622 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $165.41, for a total transaction of $7,215,515.02. Following the completion of the sale, the senior vice president now owns 136,444 shares in the company, valued at $22,569,202.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Chris Kondo sold 4,092 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $173.26, for a total transaction of $708,979.92. Following the completion of the transaction, the insider now directly owns 33,946 shares of the company’s stock, valued at $5,881,483.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Deirdre O’brien sold 43,622 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $165.41, for a total transaction of $7,215,515.02. Following the transaction, the senior vice president now directly owns 136,444 shares of the company’s stock, valued at $22,569,202.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 439,529 shares of company stock worth $71,703,657. 0.06% of the stock is owned by company insiders.

Apple Stock Down 1.5 %

AAPL stock opened at $171.56 on Wednesday. The company’s 50 day moving average is $165.70 and its two-hundred day moving average is $151.11. The stock has a market cap of $2.70 trillion, a P/E ratio of 29.13, a PEG ratio of 2.34 and a beta of 1.29. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.56. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $176.39.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. Apple had a return on equity of 165.72% and a net margin of 24.49%. The business had revenue of $94.84 billion during the quarter, compared to the consensus estimate of $92.84 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 5.99 earnings per share for the current fiscal year.

Apple declared that its board has initiated a stock buyback program on Thursday, May 4th that allows the company to repurchase $90.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Shareholders of record on Monday, May 15th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, May 12th. This is a positive change from Apple’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s payout ratio is currently 16.30%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Cowen decreased their price target on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Piper Sandler reduced their target price on Apple from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, May 5th. Canaccord Genuity Group upped their target price on Apple from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Bank of America raised their price target on shares of Apple from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, May 5th. Finally, Fundamental Research set a $183.86 price objective on Apple and gave the company a “buy” rating in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $174.74.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.