Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Matauro LLC

Matauro LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,917 shares of the iPhone maker’s stock after acquiring an additional 6,941 shares during the period. Apple comprises approximately 1.5% of Matauro LLC’s holdings, making the stock its 18th largest position. Matauro LLC’s holdings in Apple were worth $7,534,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Goldstone Financial Group LLC lifted its stake in Apple by 25.1% in the first quarter. Goldstone Financial Group LLC now owns 29,763 shares of the iPhone maker’s stock valued at $6,611,000 after acquiring an additional 5,977 shares during the last quarter. Steele Capital Management Inc. lifted its stake in shares of Apple by 0.7% in the first quarter. Steele Capital Management Inc. now owns 132,832 shares of the iPhone maker’s stock worth $29,506,000 after buying an additional 954 shares during the last quarter. Kelly Financial Group LLC lifted its stake in shares of Apple by 278.2% in the first quarter. Kelly Financial Group LLC now owns 32,281 shares of the iPhone maker’s stock worth $7,171,000 after buying an additional 23,745 shares during the last quarter. RTD Financial Advisors Inc. lifted its stake in shares of Apple by 6.5% in the first quarter. RTD Financial Advisors Inc. now owns 9,609 shares of the iPhone maker’s stock worth $2,135,000 after buying an additional 583 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in Apple by 1.8% during the 1st quarter. CVA Family Office LLC now owns 55,045 shares of the iPhone maker’s stock valued at $12,227,000 after purchasing an additional 971 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In related 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 owned 15,533 shares in the company, valued at $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 4,569 shares in the company, valued at approximately $941,214. The trade was a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AAPL. Wedbush reiterated an “outperform” rating and set a $270.00 target price on shares of Apple in a research note on Wednesday, July 9th. Tigress Financial increased their price objective on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, May 21st. UBS Group set a $210.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Finally, TD Cowen dropped their target price on shares of Apple from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $235.11.

Apple Trading Down 0.1%

Shares of Apple stock opened at $210.02 on Friday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock’s 50-day simple moving average is $204.32 and its 200 day simple moving average is $216.12. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 32.71, a P/E/G ratio of 2.35 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the previous year, the firm earned $1.53 earnings per share. Apple’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple announced that its board has approved a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 0.50%. This is an increase from Apple’s previous quarterly dividend of $0.25. Apple’s payout ratio is presently 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.