Investment House LLC Has $124.12 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Investment House LLC lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 644,688 shares of the iPhone maker’s stock after selling 10,539 shares during the period. Apple accounts for 8.8% of Investment House LLC’s portfolio, making the stock its largest holding. Investment House LLC’s holdings in Apple were worth $124,122,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Apple by 14,395.4% in the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after purchasing an additional 70,212,651 shares during the last quarter. Cerity Partners LLC raised its position in Apple by 130.1% in the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after purchasing an additional 5,331,439 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Apple in the 4th quarter worth approximately $560,388,000. Hudson Bay Capital Management LP bought a new position in Apple in the 3rd quarter worth approximately $487,435,000. Finally, Barclays PLC raised its position in Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after purchasing an additional 2,826,709 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on AAPL shares. UBS Group reiterated a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Maxim Group started coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price for the company. Wedbush upped their target price on shares of Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. Rosenblatt Securities reiterated a “neutral” rating and set a $196.00 target price (up previously from $189.00) on shares of Apple in a research report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.59.

Get Our Latest Stock Analysis on Apple

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $192.25 on Friday. The company’s 50 day simple moving average is $177.53 and its 200 day simple moving average is $183.25. The stock has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 29.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.26. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62.

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

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is presently 15.55%.

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

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the sale, the insider now owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Chris Kondo sold 4,999 shares of Apple stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares in the company, valued at $5,574,531.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,270 shares of company stock valued at $46,511,696. 0.06% of the stock is currently owned by insiders.

Apple Company 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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