Godsey & Gibb Inc. boosted its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 160,783 shares of the iPhone maker’s stock after buying an additional 4,890 shares during the period. Apple makes up about 3.5% of Godsey & Gibb Inc.’s investment portfolio, making the stock its largest position. Godsey & Gibb Inc.’s holdings in Apple were worth $35,715,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in Apple in the fourth quarter worth $46,868,648,000. GAMMA Investing LLC boosted its holdings in Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares during the period. Vanguard Group Inc. boosted its holdings in Apple by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares during the period. Proficio Capital Partners LLC boosted its holdings in Apple by 23,555.4% in the fourth quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker’s stock worth $5,272,653,000 after purchasing an additional 20,966,232 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Insider Activity at Apple
In other news, insider Chris Kondo sold 4,486 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer owned 4,569 shares of the company’s stock, valued at approximately $941,214. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on AAPL
Apple Trading Up 0.4%
Shares of NASDAQ AAPL opened at $213.36 on Monday. The business has a fifty day moving average price of $203.35 and a 200 day moving average price of $218.44. 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 Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The stock has a market capitalization of $3.19 trillion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (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 quarter in the prior year, the business posted $1.53 earnings per share. Apple’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple announced that its Board of Directors has approved a share repurchase plan 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Apple Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, May 12th. This is a boost from Apple’s previous quarterly dividend of $0.25. Apple’s payout ratio is 16.20%.
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.
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