Apple Inc. $AAPL Shares Acquired by Capital Management Associates Inc

Capital Management Associates Inc grew its position in Apple Inc. (NASDAQ:AAPL) by 70.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,545 shares of the iPhone maker’s stock after acquiring an additional 24,939 shares during the quarter. Apple comprises approximately 3.0% of Capital Management Associates Inc’s portfolio, making the stock its 7th biggest position. Capital Management Associates Inc’s holdings in Apple were worth $13,449,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Interchange Capital Partners LLC boosted its holdings in shares of Apple by 98.9% in the first quarter. Interchange Capital Partners LLC now owns 80,430 shares of the iPhone maker’s stock valued at $17,865,000 after acquiring an additional 39,990 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Apple by 9.6% during the first quarter. Crossmark Global Holdings Inc. now owns 958,647 shares of the iPhone maker’s stock worth $212,944,000 after purchasing an additional 84,082 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Apple by 3.0% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 412,924 shares of the iPhone maker’s stock worth $91,723,000 after purchasing an additional 12,002 shares during the period. Pacific Point Advisors LLC lifted its holdings in shares of Apple by 0.9% during the first quarter. Pacific Point Advisors LLC now owns 14,990 shares of the iPhone maker’s stock worth $3,330,000 after purchasing an additional 128 shares during the period. Finally, Security National Bank of SO Dak lifted its holdings in shares of Apple by 3.7% during the first quarter. Security National Bank of SO Dak now owns 44,679 shares of the iPhone maker’s stock worth $9,925,000 after purchasing an additional 1,611 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AAPL shares. TD Cowen decreased their price target on Apple from $290.00 to $275.00 and set a “buy” rating for the company in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price target on Apple from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Barclays increased their price target on Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday, August 1st. UBS Group increased their price target on Apple from $210.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Finally, Loop Capital decreased their price target on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.98.

Apple Trading Up 1.3%

Shares of AAPL stock opened at $227.76 on Monday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock has a market cap of $3.38 trillion, a P/E ratio of 34.56, a P/E/G ratio of 2.38 and a beta of 1.16. The business has a fifty day simple moving average of $212.52 and a 200-day simple moving average of $212.82. 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 (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter last year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. 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 dividend payout ratio (DPR) is currently 15.78%.

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.