Nisa Investment Advisors LLC bought a new stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,589,939 shares of the iPhone maker’s stock, valued at approximately $801,449,000. Apple accounts for about 5.6% of Nisa Investment Advisors LLC’s investment portfolio, making the stock its largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Daniels&Tansey LLP grew its stake in shares of Apple by 1.6% in the 4th quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock valued at $685,000 after buying an additional 60 shares during the period. Donald L. Hagan LLC lifted its holdings in shares of Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after acquiring an additional 61 shares during the last quarter. Goodwin Daniel L lifted its holdings in shares of Apple by 0.5% in the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after acquiring an additional 62 shares during the last quarter. Opus Capital Group LLC lifted its holdings in shares of Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after acquiring an additional 63 shares during the last quarter. Finally, Norwood Financial Corp lifted its holdings in shares of Apple by 0.9% in the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after acquiring an additional 65 shares during the last quarter. 57.98% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Fundamental Research set a $177.07 price objective on shares of Apple and gave the stock a “buy” rating in a report on Thursday. Evercore ISI upped their price objective on shares of Apple from $180.00 to $185.00 in a report on Friday, July 29th. The Goldman Sachs Group set a $139.00 price objective on shares of Apple in a report on Friday, July 29th. Morgan Stanley reduced their target price on shares of Apple from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Finally, Barclays reduced their target price on shares of Apple from $167.00 to $166.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.27.
Apple Trading Down 0.3 %
NASDAQ AAPL opened at $165.35 on Monday. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. The company has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.14 and a beta of 1.23. The firm’s fifty day moving average price is $146.34 and its 200 day moving average price is $157.01.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same period last year, the firm posted $1.30 EPS. Apple’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that Apple Inc. will post 6.1 earnings per share for the current fiscal year.
Apple announced that its board has approved a stock buyback program on Thursday, April 28th that permits the company to repurchase $90.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, August 5th. Apple’s payout ratio is currently 15.18%.
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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