Tlwm Increases Stock Position in Apple Inc. $AAPL

Tlwm increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,422 shares of the iPhone maker’s stock after purchasing an additional 444 shares during the quarter. Apple accounts for approximately 0.6% of Tlwm’s holdings, making the stock its 14th biggest position. Tlwm’s holdings in Apple were worth $2,981,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AAPL. Norges Bank acquired a new stake in shares of Apple during the fourth quarter worth $46,868,648,000. Nuveen LLC acquired a new stake in shares of Apple during the first quarter worth $17,472,482,000. GAMMA Investing LLC lifted its holdings in shares of Apple by 25,934.1% during 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. lifted its holdings in shares of Apple by 3.7% during 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. Finally, Northern Trust Corp lifted 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 worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 1.5%

Shares of AAPL stock opened at $234.35 on Wednesday. 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 $3.48 trillion, a P/E ratio of 35.56, a P/E/G ratio of 2.48 and a beta of 1.11. The business has a fifty day simple moving average of $220.46 and a 200-day simple moving average of $212.50. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AAPL. Wedbush reaffirmed an “outperform” rating and set a $270.00 price target on shares of Apple in a report on Tuesday. UBS Group reissued a “neutral” rating on shares of Apple in a report on Monday. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Jefferies Financial Group raised their target price on Apple from $190.67 to $205.82 and gave the company a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Apple from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $238.99.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction dated 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 sale, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

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.