Apple Inc. (NASDAQ:AAPL) Shares Bought by Heritage Financial Services LLC

Heritage Financial Services LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,515 shares of the iPhone maker’s stock after purchasing an additional 864 shares during the quarter. Apple accounts for approximately 1.0% of Heritage Financial Services LLC’s portfolio, making the stock its 11th largest holding. Heritage Financial Services LLC’s holdings in Apple were worth $5,875,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Morgan Stanley raised its holdings in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. International Assets Investment Management LLC increased its position in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after buying an additional 70,212,651 shares in the last quarter. Barclays PLC raised its stake in shares of Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after buying an additional 2,826,709 shares during the period. California Public Employees Retirement System lifted its position in shares of Apple by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after buying an additional 1,696,576 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Apple by 1.7% in the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL opened at $189.99 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The firm’s fifty day simple moving average is $176.50 and its 200-day simple moving average is $183.12. The firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.32 and a beta of 1.26. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. Apple’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.52 earnings per share. Equities analysts forecast that Apple Inc. will post 6.57 EPS for the current fiscal year.

Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 2nd that allows the company to buyback $110.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio is currently 15.55%.

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 371,270 shares of company stock valued at $64,605,696. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Bank of America upped their price objective on shares of Apple from $225.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Sanford C. Bernstein raised shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Monday, April 29th. Piper Sandler cut their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. The Goldman Sachs Group increased their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $205.44.

View Our Latest Research Report on AAPL

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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