Y.D. More Investments Ltd Boosts Stock Position in Apple Inc. (NASDAQ:AAPL)

Y.D. More Investments Ltd increased its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,533 shares of the iPhone maker’s stock after buying an additional 600 shares during the quarter. Apple comprises 1.9% of Y.D. More Investments Ltd’s holdings, making the stock its 15th largest position. Y.D. More Investments Ltd’s holdings in Apple were worth $9,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in Apple by 14,395.4% during the fourth 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 period. Cerity Partners LLC increased its holdings in shares of Apple by 130.1% during the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after buying an additional 5,331,439 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Apple during the 4th quarter valued at approximately $560,388,000. Hudson Bay Capital Management LP purchased a new stake in shares of Apple during the 3rd quarter valued at approximately $487,435,000. Finally, Barclays PLC lifted its holdings in Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares in the company, valued at $835,207,570.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The disclosure for this sale can be found here. Insiders have sold 346,270 shares of company stock valued at $60,880,196 in the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.9 %

Apple stock opened at $194.03 on Tuesday. The stock has a market cap of $2.98 trillion, a PE ratio of 30.18, a P/E/G ratio of 2.34 and a beta of 1.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The stock’s fifty day moving average is $177.99 and its two-hundred day moving average is $183.25. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share 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 analyst estimates of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.52 EPS. On average, sell-side analysts expect 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. Stockholders of record on Monday, May 13th were issued a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. Apple’s dividend payout ratio is presently 15.55%.

Apple announced that its board has approved a stock repurchase plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on AAPL shares. Loop Capital reduced their target price on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. UBS Group restated a “hold” rating and issued a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Itau BBA Securities raised shares of Apple from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $162.00 to $188.00 in a research note on Friday, May 3rd. Monness Crespi & Hardt lifted their price target on shares of Apple from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.59.

Read Our Latest Research Report on Apple

Apple Profile

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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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