Apple Inc. (NASDAQ:AAPL) Shares Purchased by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,866 shares of the iPhone maker’s stock after purchasing an additional 4,178 shares during the period. Apple accounts for 6.8% of Fortis Capital Advisors LLC’s portfolio, making the stock its 3rd largest holding. Fortis Capital Advisors LLC’s holdings in Apple were worth $12,874,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AAPL. Headinvest LLC boosted its holdings in shares of Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after buying an additional 872 shares during the period. Sound Income Strategies LLC increased its stake in shares of Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after purchasing an additional 10,425 shares during the period. DNB Asset Management AS lifted its holdings in Apple by 6.9% during the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after purchasing an additional 279,311 shares during the last quarter. Boltwood Capital Management grew its holdings in Apple by 2.8% in the 4th quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock valued at $7,158,000 after buying an additional 1,021 shares in the last quarter. Finally, NewEdge Wealth LLC increased its position in Apple by 16.2% during the 4th quarter. NewEdge Wealth LLC now owns 808,709 shares of the iPhone maker’s stock worth $155,701,000 after buying an additional 112,980 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. 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 90 days. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 1.2 %

NASDAQ:AAPL opened at $196.89 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. The firm’s fifty day moving average is $179.90 and its 200-day moving average is $183.48. The firm has a market cap of $3.02 trillion, a P/E ratio of 30.62, a P/E/G ratio of 2.39 and a beta of 1.25. 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 results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm had revenue of $90.75 billion during the quarter, compared to the consensus estimate of $90.37 billion. During the same period last year, the business posted $1.52 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 6.57 earnings per share for the current year.

Apple announced that its Board of Directors has approved a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is 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 an increase from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, May 10th. Apple’s payout ratio is 15.55%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAPL. UBS Group restated a “hold” rating and issued a $190.00 price target on shares of Apple in a research note on Monday, March 25th. Loop Capital lowered their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Wedbush boosted their price target on Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Canaccord Genuity Group raised their price objective on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Canaccord Genuity Group upped their target price on Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Saturday, May 4th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $205.59.

View Our Latest Stock Report on AAPL

About Apple

(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.

Recommended Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.