Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Landaas & Co. WI ADV

Landaas & Co. WI ADV boosted its stake in Apple Inc. (NASDAQ:AAPL) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,265 shares of the iPhone maker’s stock after acquiring an additional 657 shares during the period. Apple comprises approximately 2.0% of Landaas & Co. WI ADV’s portfolio, making the stock its 8th largest position. Landaas & Co. WI ADV’s holdings in Apple were worth $7,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Drystone LLC acquired a new position in shares of Apple in the 4th quarter valued at $25,000. Life Planning Partners Inc purchased a new position in Apple during the 4th quarter worth $47,000. Conquis Financial LLC purchased a new position in Apple during the 4th quarter worth $63,000. LSV Asset Management acquired a new position in Apple in the fourth quarter valued at $65,000. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of Apple in the fourth quarter valued at about $82,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AAPL shares. TD Cowen lowered their price target on Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Loop Capital decreased their price objective on Apple from $230.00 to $215.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. Bank of America reissued a “buy” rating and issued a $235.00 target price on shares of Apple in a report on Tuesday, June 10th. UBS Group restated a “buy” rating on shares of Apple in a research note on Sunday, June 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.86.

Apple Stock Performance

AAPL opened at $201.00 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The stock has a market cap of $3.00 trillion, a P/E ratio of 31.31, a P/E/G ratio of 2.19 and a beta of 1.22. The stock’s 50 day simple moving average is $202.35 and its 200 day simple moving average is $221.71. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. During the same period in the previous year, the business earned $1.53 earnings per share. Apple’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its board has authorized a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date was Monday, May 12th. This is a positive change from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Apple’s payout ratio is currently 16.20%.

Apple Company 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.