Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,054,043 shares of the iPhone maker’s stock after buying an additional 216,671 shares during the quarter. Apple accounts for approximately 1.0% of Envestnet Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Envestnet Asset Management Inc. owned approximately 0.09% of Apple worth $3,268,993,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AAPL. Aviva PLC lifted its stake in Apple by 3.7% in the 4th quarter. Aviva PLC now owns 9,313,623 shares of the iPhone maker’s stock worth $2,332,317,000 after acquiring an additional 328,937 shares in the last quarter. Gladstone Capital Management LLP lifted its stake in Apple by 190.3% in the 4th quarter. Gladstone Capital Management LLP now owns 713,037 shares of the iPhone maker’s stock worth $178,559,000 after acquiring an additional 467,434 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Apple in the 4th quarter worth about $2,439,000. Oarsman Capital Inc. increased its position in Apple by 0.5% in the 4th quarter. Oarsman Capital Inc. now owns 40,635 shares of the iPhone maker’s stock worth $10,176,000 after purchasing an additional 215 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in Apple in the 4th quarter worth about $1,116,983,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,486 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares of the company’s stock, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,507 shares of company stock worth $42,694,080. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 0.2%

AAPL stock opened at $199.20 on Friday. The firm has a market cap of $2.98 trillion, a PE ratio of 31.62, a PEG ratio of 2.44 and a beta of 1.22. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50 day moving average price is $201.28 and its 200-day moving average price is $223.37. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. During the same quarter last year, the firm earned $1.53 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. This is an increase from Apple’s previous quarterly dividend of $0.25. Apple’s payout ratio is presently 16.20%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent analyst reports. KeyCorp raised Apple from an “underweight” rating to a “sector weight” rating in a research report on Monday, April 14th. Bank of America reaffirmed a “buy” rating and set a $235.00 target price on shares of Apple in a research report on Tuesday. UBS Group reaffirmed a “buy” rating on shares of Apple in a research report on Sunday, June 1st. Evercore ISI raised their target price on Apple to $250.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $234.86.

Apple Profile

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.