Mount Yale Investment Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,077,095 shares of the iPhone maker's stock after buying an additional 57,555 shares during the period. Apple accounts for approximately 14.1% of Mount Yale Investment Advisors LLC's holdings, making the stock its largest holding. Mount Yale Investment Advisors LLC's holdings in Apple were worth $184,498,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Norges Bank acquired a new stake in Apple during the fourth quarter worth about $33,912,466,000. International Assets Investment Management LLC raised its holdings in Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker's stock valued at $136,119,470,000 after buying an additional 70,212,651 shares during the period. Vanguard Group Inc. raised its holdings in Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker's stock valued at $253,766,929,000 after buying an additional 18,067,216 shares during the period. Global Assets Advisory LLC lifted its position in Apple by 23,076.4% during the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker's stock valued at $1,584,512,000 after buying an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker's stock worth $1,977,582,000 after buying an additional 7,067,379 shares during the period. Hedge funds and other institutional investors own 60.41% of the company's stock.
Apple Stock Performance
NASDAQ AAPL traded down $0.16 during trading hours on Monday, reaching $225.89. The company's stock had a trading volume of 40,646,342 shares, compared to its average volume of 62,943,316. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. The business has a 50-day simple moving average of $218.52 and a 200 day simple moving average of $193.13. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The stock has a market cap of $3.46 trillion, a PE ratio of 35.13, a PEG ratio of 2.60 and a beta of 1.24.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 145.35% and a net margin of 26.44%. The business's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts predict that Apple Inc. will post 6.61 earnings per share for the current fiscal year.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple's dividend payout ratio (DPR) is 15.55%.
Apple announced that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to repurchase $110.00 billion in shares. This repurchase authorization permits the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Analyst Ratings Changes
AAPL has been the topic of a number of research reports. Monness Crespi & Hardt raised their target price on shares of Apple from $205.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Morgan Stanley reissued an "overweight" rating and issued a $273.00 price objective on shares of Apple in a research report on Tuesday, August 6th. Moffett Nathanson initiated coverage on Apple in a research report on Monday. They issued a "neutral" rating and a $211.00 target price for the company. Raymond James raised their target price on Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Finally, Citigroup boosted their price target on Apple from $210.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $233.63.
Check Out Our Latest Analysis on Apple
Insider Transactions at Apple
In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company's stock, valued at approximately $5,223,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the transaction, the director now directly owns 4,359,576 shares of the company's stock, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 180,178 shares of company stock worth $36,133,537. Insiders own 0.06% of the company's stock.
About Apple
(
Free Report)
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.
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