Delta Investment Management LLC increased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,695 shares of the iPhone maker’s stock after buying an additional 524 shares during the period. Apple accounts for 3.2% of Delta Investment Management LLC’s holdings, making the stock its 3rd largest position. Delta Investment Management LLC’s holdings in Apple were worth $11,163,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Starfox Financial Services LLC raised its position in Apple by 21.5% during the fourth quarter. Starfox Financial Services LLC now owns 1,900 shares of the iPhone maker’s stock valued at $247,000 after purchasing an additional 336 shares in the last quarter. Arista Wealth Management LLC raised its position in Apple by 1.0% during the first quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock valued at $4,399,000 after purchasing an additional 261 shares in the last quarter. Factory Mutual Insurance Co. raised its position in Apple by 5.2% during the fourth quarter. Factory Mutual Insurance Co. now owns 2,340,129 shares of the iPhone maker’s stock valued at $304,053,000 after purchasing an additional 115,929 shares in the last quarter. Brogan Financial Inc. acquired a new position in Apple during the fourth quarter valued at approximately $1,874,000. Finally, Peddock Capital Advisors LLC raised its position in Apple by 0.8% during the first quarter. Peddock Capital Advisors LLC now owns 115,970 shares of the iPhone maker’s stock valued at $19,123,000 after purchasing an additional 901 shares in the last quarter. 58.51% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Apple Trading Up 0.8 %
AAPL opened at $189.46 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The firm has a market capitalization of $2.96 trillion, a PE ratio of 31.84, a P/E/G ratio of 2.63 and a beta of 1.28. The company’s 50-day moving average is $186.82 and its 200 day moving average is $173.22.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same period in the prior year, the firm posted $1.20 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 6.04 earnings per share for the current fiscal year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, August 11th. Apple’s payout ratio is 16.13%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
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