Everpar Advisors LLC Grows Holdings in Apple Inc. (NASDAQ:AAPL)

Everpar Advisors LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 33,247 shares of the iPhone maker’s stock after purchasing an additional 131 shares during the quarter. Apple accounts for 3.9% of Everpar Advisors LLC’s holdings, making the stock its 2nd biggest holding. Everpar Advisors LLC’s holdings in Apple were worth $7,385,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Drystone LLC bought a new position in Apple in the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new position in Apple in the 4th quarter valued at $47,000. Conquis Financial LLC bought a new position in Apple in the 4th quarter valued at $63,000. LSV Asset Management bought a new position in shares of Apple during the 4th quarter worth $65,000. Finally, Pillar Financial Advisors LLC bought a new position in shares of Apple during the 4th quarter worth $82,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AAPL. Bank of America reissued a “buy” rating and set a $235.00 price target on shares of Apple in a research report on Tuesday, June 10th. China Renaissance began coverage on Apple in a research report on Tuesday, April 22nd. They set a “buy” rating and a $241.00 price target on the stock. Tigress Financial increased their price target on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating in a research report on Friday. Finally, Monness Crespi & Hardt increased their price target on Apple to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.11.

Insider Activity

In related news, 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 transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares in the company, valued at approximately $3,233,815.27. This trade 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 can be accessed through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred 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 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.

Apple Trading Up 0.6%

Apple stock opened at $211.18 on Friday. The stock has a 50-day moving average of $204.57 and a two-hundred day moving average of $215.85. 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 Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market cap of $3.15 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (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 firm had revenue of $95.36 billion during the quarter, compared to analysts’ expectations of $94.04 billion. During the same period last year, the business posted $1.53 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. This is a boost from Apple’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple’s dividend payout ratio (DPR) is presently 16.20%.

Apple announced that its board has approved a share buyback plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About Apple

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.