A number of other large investors also recently bought and sold shares of AAPL. State Street Corp grew its holdings in Apple by 1.8% during the 4th quarter. State Street Corp. now owns 633,115,246 shares of the iPhone maker’s stock valued at $ 112,422,274,000 after purchasing an additional 10,951,705 shares in the last quarter. Geode Capital Management LLC grew its holdings in Apple by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock valued at $ 46,812,958,000 after purchasing an additional 4,456,954 shares in the last quarter. Norges Bank acquired a new stake in Apple during the 4th quarter valued at $ 25,228,507,000. Charles Schwab Investment Management Inc. grew its holdings in Apple by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 79,583,859 shares of the iPhone maker’s stock valued at $ 14,131,710,000 after purchasing an additional 1,273,148 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Apple by 1.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 69,224,701 shares of the iPhone maker’s stock valued at $ 9,795,295,000 after purchasing an additional 759,577 shares in the last quarter. 57.98% of the stock is currently owned by institutional investors.
In other news, SVP Deirdre O’brien sold 8,000 shares of Apple stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $ 164.91, for a total value of $ 1,319,280.00. Following the transaction, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $ 22,475,583.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 105,901 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $ 177.75, for a total transaction of $ 18,823,902.75. Following the transaction, the chief operating officer now directly owns 489,662 shares in the company, valued at $ 87,037,420.50. The disclosure for this sale can be found here. Insiders sold a total of 168,099 shares of company stock worth $ 29,376,711 in the last ninety days. Corporate insiders own 0.06% of the company’s stock.
AAPL has been the subject of several recent analyst reports. JPMorgan Chase & Co. set a $ 200.00 price objective on shares of Apple in a report on Monday. Evercore ISI initiated coverage on shares of Apple in a report on Friday, March 25th. They set a “buy” rating and a $ 210.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $ 190.00 price objective on shares of Apple in a report on Wednesday, June 8th. StockNews.com initiated coverage on shares of Apple in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Fundamental Research dropped their price objective on shares of Apple from $ 179.32 to $ 175.24 and set an “average” rating for the company in a report on Friday, May 6th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $ 186.55.
Shares of AAPL opened at $ 138.27 on Friday. The firm’s 50 day moving average is $ 148.56 and its 200-day moving average is $ 162.56. The stock has a market capitalization of $ 2.24 trillion, a P / E ratio of 22.45, a P / E / G ratio of 1.78 and a beta of 1.20. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.88. Apple Inc. has a 12-month low of $ 129.04 and a 12-month high of $ 182.94.
Apple (NASDAQ: AAPL – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $ 1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 1.43 by $ 0.09. The company had revenue of $ 97.28 billion for the quarter, compared to analysts’ expectations of $ 93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $ 1.40 EPS. As a group, equities research analysts forecast that Apple Inc. will post 6.11 EPS for the current fiscal year.
Apple declared that its Board of Directors has approved a share buyback plan on Thursday, April 28th that authorizes the company to buyback $ 90.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were paid a $ 0.23 dividend. The ex-dividend date of this dividend was Friday, May 6th. This represents a $ 0.92 annualized dividend and a dividend yield of 0.67%. This is a boost from Apple’s previous quarterly dividend of $ 0.22. Apple’s payout ratio is currently 14.94%.
Apple Profile (Get Rating)
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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