Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Berkshire Hathaway Inc raised its stake in Apple by 2.3% during the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after acquiring an additional 20,424,207 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after acquiring an additional 569,066,184 shares in the last quarter. Geode Capital Management LLC raised its stake in Apple by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock valued at $46,918,015,000 after acquiring an additional 2,421,295 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after acquiring an additional 7,736,013 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.
Insider Activity at Apple
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
AAPL has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Apple from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $198.00 target price on shares of Apple in a research note on Tuesday, September 12th. 51job reiterated a “maintains” rating on shares of Apple in a research report on Friday, June 2nd. Canaccord Genuity Group lifted their price target on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Jefferies Financial Group lowered their price target on Apple from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.41.
Read Our Latest Stock Report on Apple
Apple Price Performance
AAPL opened at $175.01 on Friday. The stock has a market cap of $2.74 trillion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.54 and a beta of 1.27. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The stock has a fifty day moving average price of $184.70 and a 200 day moving average price of $175.43.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 earnings per share. Analysts forecast that Apple Inc. will post 6.05 EPS for the current fiscal year.
Apple Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. Apple’s payout ratio is 16.13%.
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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