Apple Inc. (NASDAQ:AAPL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,317,166 shares of the iPhone maker’s stock after acquiring an additional 84,980 shares during the period. Apple makes up 5.4% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 3rd largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apple were worth $1,408,774,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Wyrmwood Management LLC lifted its position in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the period. Gilfoyle & Co LLC lifted its holdings in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares during the period. PayPay Securities Corp boosted its position in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares in the last quarter. Cordant Inc. increased its stake in Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares during the period. Finally, Friedenthal Financial acquired a new position in Apple in the fourth quarter worth about $111,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 1.2 %

Shares of NASDAQ:AAPL opened at $189.72 on Thursday. The company has a 50 day moving average price of $173.33 and a two-hundred day moving average price of $182.34. The company has a market capitalization of $2.91 trillion, a PE ratio of 29.51, a PEG ratio of 2.24 and a beta of 1.26. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Analysts forecast that Apple Inc. will post 6.57 earnings per share for the current year.

Apple announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is 15.55%.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAPL shares. Citigroup decreased their price objective on Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Barclays upped their price target on Apple from $158.00 to $164.00 and gave the company an “underweight” rating in a research report on Friday, May 3rd. DZ Bank reissued a “hold” rating and set a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Bank of America upped their target price on shares of Apple from $225.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Canaccord Genuity Group increased their target price on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $204.11.

View Our Latest Analysis on Apple

Apple Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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