Kendall Capital Management Has $3.91 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Kendall Capital Management boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,318 shares of the iPhone maker’s stock after purchasing an additional 755 shares during the quarter. Apple accounts for about 1.5% of Kendall Capital Management’s portfolio, making the stock its 12th largest holding. Kendall Capital Management’s holdings in Apple were worth $3,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Conservest Capital Advisors Inc. boosted its stake in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after acquiring an additional 55 shares during the last quarter. Flagstone Financial Management raised its holdings in Apple by 0.9% in the 4th quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock worth $1,173,000 after purchasing an additional 56 shares during the period. High Pines Wealth Management LLC lifted its position in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation grew its holdings in Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after purchasing an additional 59 shares during the period. Finally, Columbus Macro LLC increased its position in Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America boosted their price objective on Apple from $225.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Friday. Maxim Group assumed coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective on the stock. Piper Sandler dropped their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $204.11.

Apple Trading Up 6.0 %

Shares of AAPL opened at $183.38 on Monday. The company’s fifty day simple moving average is $172.17 and its 200-day simple moving average is $181.67. The company has a market cap of $2.83 trillion, a P/E ratio of 28.52, a P/E/G ratio of 2.22 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 153.25%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. As a group, analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in shares. This repurchase authorization permits the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, May 10th. Apple’s dividend payout ratio is presently 14.93%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.