UBP Investment Advisors SA Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

UBP Investment Advisors SA raised its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,650 shares of the iPhone maker’s stock after acquiring an additional 379 shares during the quarter. Apple makes up 1.3% of UBP Investment Advisors SA’s investment portfolio, making the stock its 21st largest position. UBP Investment Advisors SA’s holdings in Apple were worth $3,430,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Cardinal Capital Management Inc. grew its holdings in shares of Apple by 5,525.0% during the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares in the last quarter. Shore Point Advisors LLC purchased a new stake in shares of Apple during the fourth quarter worth about $41,000. St. James Investment Advisors LLC acquired a new stake in shares of Apple in the fourth quarter worth approximately $57,000. Emerson Wealth LLC boosted its position in shares of Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 320 shares during the last quarter. Finally, Econ Financial Services Corp boosted its position in shares of Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after acquiring an additional 95 shares during the last quarter. 57.98% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 3.8 %

Shares of NASDAQ:AAPL opened at $166.13 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of $145.58 and a 200 day simple moving average of $157.20. The firm has a market cap of $2.69 trillion, a PE ratio of 27.41, a price-to-earnings-growth ratio of 2.09 and a beta of 1.23. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple announced that its board has authorized a stock repurchase plan on Thursday, April 28th that allows the company to buyback $90.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.55%. Apple’s payout ratio is 15.18%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. set a $175.00 target price on shares of Apple in a research report on Friday, July 29th. Rosenblatt Securities decreased their target price on shares of Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Itau BBA Securities initiated coverage on shares of Apple in a research report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 target price on the stock. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of Apple in a research report on Wednesday, June 8th. Finally, Citigroup lifted their price target on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $179.21.

About Apple

(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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