Other large investors also recently added to or reduced their stakes in the company. Atlantic Private Wealth LLC acquired a new stake in shares of Apple in the first quarter worth about $30,000. St. James Investment Advisors LLC raised its stake in shares of Apple by 98.3% in the 4th quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock valued at $31,000 after acquiring an additional 117 shares in the last quarter. Summit Wealth Group LLC lifted its holdings in Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares during the last quarter. HBC Financial Services PLLC boosted its position in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Finally, LFA Lugano Financial Advisors SA acquired a new position in Apple during the fourth quarter valued at approximately $93,000. 58.51% of the stock is owned by institutional investors.
Apple Price Performance
NASDAQ:AAPL opened at $173.93 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.63. The firm has a market cap of $2.72 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.61 and a beta of 1.27. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $198.23. The company’s 50-day moving average price is $184.02 and its two-hundred day moving average price is $176.06.
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The business had revenue of $81.80 billion for the quarter, compared to the consensus estimate of $81.79 billion. During the same period in the previous year, the business earned $1.20 EPS. Apple’s revenue was down 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 6.05 EPS for the current fiscal year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio is currently 16.13%.
Insider Buying and Selling
In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 136,445 shares in the company, valued at approximately $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on AAPL shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apple from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 24th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Apple in a research report on Thursday, September 14th. Rosenblatt Securities reissued a “neutral” rating and set a $198.00 price objective on shares of Apple in a research report on Tuesday, September 12th. Canaccord Genuity Group raised their target price on Apple from $185.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Apple in a report on Wednesday, September 13th. Ten analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.41.
Check Out Our Latest Report on 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.
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