Apple Inc. (NASDAQ:AAPL) Shares Bought by Alaska Wealth Advisors

Alaska Wealth Advisors boosted its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,388 shares of the iPhone maker’s stock after purchasing an additional 649 shares during the period. Apple makes up approximately 0.3% of Alaska Wealth Advisors’ portfolio, making the stock its 24th biggest holding. Alaska Wealth Advisors’ holdings in Apple were worth $1,869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Robinson Value Management Ltd. acquired a new stake in shares of Apple during the 3rd quarter valued at about $28,000. Hanseatic Management Services Inc. grew its position in shares of Apple by 75.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 107 shares during the period. Cheyne Capital Management UK LLP grew its position in shares of Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the period. Align Wealth Management LLC purchased a new position in Apple in the 4th quarter valued at about $55,000. Finally, HBC Financial Services PLLC lifted its stake in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares in the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research reports. Needham & Company LLC raised their price target on shares of Apple from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, May 5th. StockNews.com initiated coverage on shares of Apple in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 price target on shares of Apple in a research note on Thursday, March 2nd. UBS Group set a $180.00 price target on shares of Apple in a research note on Monday, April 3rd. Finally, DA Davidson raised their price target on shares of Apple from $173.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $174.29.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,092 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $173.26, for a total value of $708,979.92. Following the completion of the transaction, the insider now owns 33,946 shares in the company, valued at $5,881,483.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Chris Kondo sold 4,092 shares of Apple stock in a transaction on Monday, May 8th. The shares were sold at an average price of $173.26, for a total transaction of $708,979.92. Following the completion of the sale, the insider now directly owns 33,946 shares of the company’s stock, valued at approximately $5,881,483.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 187,730 shares of Apple stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $159.76, for a total transaction of $29,991,744.80. Following the sale, the chief operating officer now directly owns 489,816 shares of the company’s stock, valued at $78,253,004.16. The disclosure for this sale can be found here. Insiders sold a total of 439,529 shares of company stock worth $71,703,657 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

Apple stock opened at $173.56 on Thursday. The firm has a 50 day moving average price of $161.66 and a 200 day moving average price of $149.48. The company has a market capitalization of $2.75 trillion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.88 and a current ratio of 0.94. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $176.15.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The iPhone maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. The business had revenue of $94.84 billion during the quarter, compared to the consensus estimate of $92.84 billion. Apple had a net margin of 24.49% and a return on equity of 165.72%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Research analysts expect that Apple Inc. will post 6 earnings per share for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Monday, May 15th will be paid a $0.24 dividend. This is an increase from Apple’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, May 12th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s payout ratio is 15.62%.

Apple announced that its board has initiated a stock buyback program on Thursday, May 4th that permits the company to buyback $90.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.