Parametrica Management Ltd purchased a new stake in Apple (NASDAQ:AAPL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,938 shares of the iPhone maker’s stock, valued at approximately $328,000.
Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Victory Capital Management Inc. boosted its stake in shares of Apple by 7.5% in the 3rd quarter. Victory Capital Management Inc. now owns 562,098 shares of the iPhone maker’s stock valued at $86,631,000 after purchasing an additional 39,390 shares in the last quarter. Fortaleza Asset Management Inc. boosted its position in Apple by 16.3% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 15,770 shares of the iPhone maker’s stock worth $2,430,000 after buying an additional 2,210 shares during the period. K.J. Harrison & Partners Inc boosted its position in Apple by 8.6% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 63,032 shares of the iPhone maker’s stock worth $9,714,000 after buying an additional 4,985 shares during the period. Northern Capital Management LLC boosted its position in Apple by 10.6% during the 3rd quarter. Northern Capital Management LLC now owns 52,207 shares of the iPhone maker’s stock worth $8,046,000 after buying an additional 4,990 shares during the period. Finally, Hoertkorn Richard Charles boosted its position in Apple by 0.8% during the 3rd quarter. Hoertkorn Richard Charles now owns 45,631 shares of the iPhone maker’s stock worth $7,033,000 after buying an additional 350 shares during the period. Institutional investors own 60.93% of the company’s stock.
In related news, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luca Maestri sold 39,122 shares of the business’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total value of $6,833,048.52. Following the completion of the sale, the insider now owns 64,475 shares in the company, valued at $11,261,203.50. The disclosure for this sale can be found here. Insiders sold a total of 214,869 shares of company stock worth $37,493,244 over the last three months. 0.08% of the stock is owned by insiders.
Several equities research analysts recently commented on the stock. Atlantic Securities reiterated a “neutral” rating and set a $185.00 target price on shares of Apple in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Apple from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Barclays lifted their target price on shares of Apple from $157.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. Morningstar set a $175.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Wednesday, May 2nd. Finally, Canaccord Genuity lifted their target price on shares of Apple from $200.00 to $208.00 and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $204.00.
Shares of Apple opened at $186.99 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $954.83 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.40 and a beta of 1.26. Apple has a fifty-two week low of $185.68 and a fifty-two week high of $188.37.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 1st. The iPhone maker reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.04. The company had revenue of $61.14 billion for the quarter, compared to the consensus estimate of $60.94 billion. Apple had a net margin of 21.55% and a return on equity of 39.97%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.10 EPS. analysts expect that Apple will post 11.43 EPS for the current year.
Apple announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 1st that permits the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Monday, May 14th were issued a $0.73 dividend. This is an increase from Apple’s previous quarterly dividend of $0.63. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, May 11th. Apple’s payout ratio is 31.70%.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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