Apple Inc. (NASDAQ:AAPL) Shares Purchased by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,704 shares of the iPhone maker’s stock after purchasing an additional 363 shares during the period. Apple accounts for approximately 2.7% of Northwest Investment Counselors LLC’s portfolio, making the stock its 4th biggest position. Northwest Investment Counselors LLC’s holdings in Apple were worth $10,924,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Yeomans Consulting Group Inc. acquired a new stake in Apple during the fourth quarter valued at $1,713,000. Raleigh Capital Management Inc. boosted its position in Apple by 11.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after purchasing an additional 1,643 shares during the last quarter. Headinvest LLC boosted its position in Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. GLOBALT Investments LLC GA acquired a new stake in Apple during the fourth quarter valued at $38,406,000. Finally, Barden Capital Management Inc. boosted its position in Apple by 132.8% during the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after purchasing an additional 18,615 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. 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 three months. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 1.6 %

AAPL stock opened at $210.62 on Friday. The firm has a market cap of $3.23 trillion, a P/E ratio of 32.76, a P/E/G ratio of 2.59 and a beta of 1.25. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $220.20. The business’s 50 day moving average is $192.13 and its 200-day moving average is $185.46.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS 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 the consensus estimate of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. Apple’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Equities analysts anticipate that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

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

Apple Increases Dividend

The firm 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 an increase from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, May 10th. Apple’s payout ratio is presently 15.55%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AAPL. Melius Research boosted their price target on Apple from $227.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $162.00 to $188.00 in a research report on Friday, May 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $216.00 price target on shares of Apple in a research report on Tuesday, June 11th. Rosenblatt Securities raised Apple from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $196.00 to $260.00 in a research report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Saturday, May 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

View Our Latest Analysis 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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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