Apple Inc. (NASDAQ:AAPL) Shares Purchased by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,843 shares of the iPhone maker’s stock after buying an additional 95 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Apple were worth $2,214,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. OneAscent Wealth Management LLC raised its stake in Apple by 4.6% during the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after acquiring an additional 409 shares in the last quarter. Allstate Corp grew its holdings in shares of Apple by 3,368.2% during the fourth quarter. Allstate Corp now owns 451,489 shares of the iPhone maker’s stock valued at $113,062,000 after buying an additional 438,471 shares in the last quarter. Vinva Investment Management Ltd grew its stake in Apple by 12.4% in the fourth quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker’s stock valued at $192,700,000 after purchasing an additional 83,997 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in Apple by 9.2% in the fourth quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker’s stock valued at $5,308,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Berkshire Bank lifted its position in shares of Apple by 2.7% in the fourth quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker’s stock worth $22,433,000 after buying an additional 2,360 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 0.2%

Shares of Apple stock opened at $199.20 on Friday. The stock has a market cap of $2.98 trillion, a P/E ratio of 31.62, a P/E/G ratio of 2.44 and a beta of 1.22. The stock’s 50 day simple moving average is $201.28 and its 200-day simple moving average is $223.37. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 earnings per share. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were paid a $0.26 dividend. This is an increase from Apple’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Apple’s payout ratio is 16.20%.

Apple declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Tuesday. Tigress Financial upped their price objective on Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 3rd. Loop Capital decreased their price target on Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Rosenblatt Securities cut Apple from a “buy” rating to a “neutral” rating and set a $217.00 price target on the stock. in a report on Friday, May 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $235.00 target price on shares of Apple in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.86.

Insider Activity

In other news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now owns 15,533 shares of the company’s stock, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is currently owned by company insiders.

Apple Company 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.