Ndwm LLC Purchases Shares of 3,310 Apple Inc. (NASDAQ:AAPL)

Ndwm LLC acquired a new position in Apple Inc. (NASDAQ:AAPLFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,310 shares of the iPhone maker’s stock, valued at approximately $637,000. Apple makes up 0.6% of Ndwm LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors have also modified their holdings of the company. Headinvest LLC boosted its holdings in Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after buying an additional 872 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after acquiring an additional 10,425 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of 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 acquiring an additional 279,311 shares in the last quarter. Boltwood Capital Management grew its holdings in shares of Apple by 2.8% in the 4th quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock worth $7,158,000 after acquiring an additional 1,021 shares during the last quarter. Finally, NewEdge Wealth LLC raised its position in shares of Apple by 16.2% during the fourth quarter. NewEdge Wealth LLC now owns 808,709 shares of the iPhone maker’s stock worth $155,701,000 after purchasing an additional 112,980 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Canaccord Genuity Group increased their price target on Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Saturday, May 4th. Loop Capital decreased their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Maxim Group assumed coverage on shares of Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target on the stock. Barclays upped their price target on shares of Apple from $158.00 to $164.00 and gave the company an “underweight” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.59.

Check Out Our Latest Stock Report on AAPL

Apple Trading Up 1.2 %

Apple stock opened at $196.89 on Friday. The business’s 50-day simple moving average is $179.90 and its 200-day simple moving average is $183.48. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. The firm has a market capitalization of $3.02 trillion, a PE ratio of 30.62, a PEG 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 posted its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The company had revenue of $90.75 billion during the quarter, compared to analysts’ expectations of $90.37 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Apple’s revenue for the quarter was down 4.3% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 6.57 earnings per share for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This is an increase 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 0.51%. Apple’s payout ratio is presently 15.55%.

Apple declared that its board has initiated a stock buyback program on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated 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 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 is available at this hyperlink. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 4,359,576 shares in the company, valued at $835,207,570.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 346,270 shares of company stock valued at $60,880,196. Insiders own 0.06% of the company’s stock.

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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