Apple Inc. (NASDAQ:AAPL) is Vigilare Wealth Management’s 2nd Largest Position

Vigilare Wealth Management lowered its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,275 shares of the iPhone maker’s stock after selling 2,691 shares during the period. Apple accounts for 7.5% of Vigilare Wealth Management’s holdings, making the stock its 2nd biggest position. Vigilare Wealth Management’s holdings in Apple were worth $9,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Apple by 1.8% during the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after purchasing an additional 10,951,705 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Apple by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 264,351,901 shares of the iPhone maker’s stock worth $46,812,958,000 after purchasing an additional 4,456,954 shares during the last quarter. Norges Bank purchased a new position in shares of Apple during the fourth quarter worth $25,228,507,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,583,859 shares of the iPhone maker’s stock worth $14,131,710,000 after purchasing an additional 1,273,148 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Apple by 1.1% during the third quarter. UBS Asset Management Americas Inc. now owns 69,224,701 shares of the iPhone maker’s stock worth $9,795,295,000 after purchasing an additional 759,577 shares during the last quarter. 57.98% of the stock is owned by institutional investors and hedge funds.

Apple stock opened at $135.35 on Thursday. The company’s 50 day simple moving average is $149.10 and its 200-day simple moving average is $162.75. The company has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.20. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, April 28th. The iPhone maker reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $97.28 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Equities analysts expect that Apple Inc. will post 6.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. This is an increase from Apple’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, May 6th. Apple’s payout ratio is 14.94%.

Apple declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 28th that allows the company to repurchase $90.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Several analysts recently commented on AAPL shares. Piper Sandler dropped their price target on shares of Apple from $200.00 to $195.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Apple from $200.00 to $175.00 in a research report on Tuesday, June 14th. Bank of America dropped their price target on shares of Apple from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. Fundamental Research dropped their price target on shares of Apple from $179.32 to $175.24 and set an “average” rating on the stock in a research report on Friday, May 6th. Finally, Rosenblatt Securities dropped their price target on shares of Apple from $184.00 to $168.00 and set a “neutral” rating on the stock in a research report on Monday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $186.55.

In related news, COO Jeffrey E. Williams sold 105,901 shares of Apple stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $177.75, for a total value of $18,823,902.75. Following the completion of the transaction, the chief operating officer now owns 489,662 shares in the company, valued at $87,037,420.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the completion of the transaction, the senior vice president now owns 452,334 shares of the company’s stock, valued at approximately $73,151,454.48. The disclosure for this sale can be found here. Insiders sold a total of 168,099 shares of company stock worth $29,376,711 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Company 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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