Apple Inc. $AAPL Shares Bought by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,376 shares of the iPhone maker’s stock after purchasing an additional 300 shares during the period. Apple accounts for about 8.0% of Vishria Bird Financial Group LLC’s portfolio, making the stock its 2nd largest position. Vishria Bird Financial Group LLC’s holdings in Apple were worth $23,407,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Alley Investment Management Company LLC raised its position in Apple by 0.4% during the 1st quarter. Alley Investment Management Company LLC now owns 135,005 shares of the iPhone maker’s stock worth $29,989,000 after buying an additional 544 shares during the last quarter. Instrumental Wealth LLC raised its position in Apple by 11.8% during the 1st quarter. Instrumental Wealth LLC now owns 8,411 shares of the iPhone maker’s stock worth $1,760,000 after buying an additional 886 shares during the last quarter. Horizon Financial Services LLC raised its position in Apple by 20,644.1% during the 1st quarter. Horizon Financial Services LLC now owns 747,203 shares of the iPhone maker’s stock worth $165,976,000 after buying an additional 743,601 shares during the last quarter. Equita Financial Network Inc. raised its position in Apple by 53.2% during the 1st quarter. Equita Financial Network Inc. now owns 7,116 shares of the iPhone maker’s stock worth $1,581,000 after buying an additional 2,471 shares during the last quarter. Finally, Swmg LLC increased its holdings in shares of Apple by 7.7% during the 1st quarter. Swmg LLC now owns 7,656 shares of the iPhone maker’s stock valued at $1,602,000 after purchasing an additional 545 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating in a report on Friday, July 18th. Bank of America boosted their price target on shares of Apple from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. TD Cowen cut their price target on shares of Apple from $290.00 to $275.00 and set a “buy” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Finally, Wedbush reissued an “outperform” rating and issued a $270.00 price target on shares of Apple in a report on Thursday, August 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $237.60.

Apple Trading Down 0.3%

NASDAQ:AAPL opened at $230.89 on Tuesday. The company has a market capitalization of $3.43 trillion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock has a fifty day simple moving average of $210.28 and a 200-day simple moving average of $212.94.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Apple’s payout ratio is presently 15.78%.

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.