Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Kwmg LLC

Posted by on Mar 21st, 2023

Kwmg LLC boosted its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,606 shares of the iPhone maker’s stock after purchasing an additional 264 shares during the quarter. Kwmg LLC’s holdings in Apple were worth $1,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Robinson Value Management Ltd. acquired a new position in shares of Apple in the 3rd quarter worth approximately $28,000. Hanseatic Management Services Inc. grew its stake in shares of Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Bluestem Financial Advisors LLC grew its stake in shares of Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the last quarter. HBC Financial Services PLLC increased its position in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Apple in the second quarter worth approximately $55,000. 57.60% of the stock is currently owned by institutional investors.

Apple Stock Up 1.5 %

Shares of NASDAQ AAPL opened at $157.40 on Tuesday. The firm’s 50-day simple moving average is $147.18 and its 200 day simple moving average is $145.23. The company has a market cap of $2.49 trillion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). The company had revenue of $117.15 billion for the quarter, compared to analyst estimates of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $2.10 EPS. On average, research analysts expect that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 10th. This is an increase from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a yield of 0.58%. Apple’s dividend payout ratio is presently 15.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AAPL shares. Morgan Stanley lifted their target price on shares of Apple from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. JPMorgan Chase & Co. set a $175.00 price target on shares of Apple in a report on Wednesday, March 1st. Wedbush raised their price target on shares of Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Sanford C. Bernstein set a $125.00 price target on shares of Apple in a report on Tuesday, January 24th. Finally, BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.24.

About Apple

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.