Oak Thistle LLC acquired a new position in Apple Inc. (NASDAQ:AAPL – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,812 shares of the iPhone maker’s stock, valued at approximately $235,000.
Other institutional investors have also bought and sold shares of the company. Robinson Value Management Ltd. purchased a new stake in Apple during the third quarter valued at about $28,000. Hanseatic Management Services Inc. lifted its stake in Apple by 75.4% during the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 107 shares in the last quarter. HBC Financial Services PLLC lifted its stake in Apple by 21.7% during the first 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. Align Wealth Management LLC purchased a new stake in Apple during the fourth quarter valued at about $55,000. Finally, PayPay Securities Corp purchased a new stake in Apple during the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 57.60% of the company’s stock.
Insiders Place Their Bets
In other Apple news, COO Jeffrey E. Williams sold 187,730 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $159.76, for a total value of $29,991,744.80. Following the completion of the transaction, the chief operating officer now owns 489,816 shares of the company’s stock, valued at approximately $78,253,004.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 187,730 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $159.76, for a total value of $29,991,744.80. Following the completion of the transaction, the chief operating officer now owns 489,816 shares of the company’s stock, valued at approximately $78,253,004.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,092 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was 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 directly owns 33,946 shares of the company’s stock, valued at approximately $5,881,483.96. The disclosure for this sale can be found here. Insiders sold a total of 439,529 shares of company stock valued at $71,703,657 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Apple Stock Performance
AAPL opened at $172.99 on Friday. The business has a fifty day simple moving average of $166.42 and a 200 day simple moving average of $151.40. The company has a market capitalization of $2.72 trillion, a PE ratio of 29.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $176.39. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.94 and a quick ratio of 0.88.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. Apple had a return on equity of 165.72% and a net margin of 24.49%. The business had revenue of $94.84 billion during the quarter, compared to the consensus estimate of $92.84 billion. During the same period in the prior year, the company earned $1.52 EPS. Apple’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts expect that Apple Inc. will post 5.99 EPS for the current year.
Apple announced that its board has approved a stock repurchase program on Thursday, May 4th that allows the company to buyback $90.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were given a dividend of $0.24 per share. This is an increase from Apple’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, May 12th. Apple’s dividend payout ratio is currently 16.30%.
Apple Profile
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.
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