Pavion Blue Capital LLC trimmed its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,252 shares of the iPhone maker’s stock after selling 190 shares during the period. Pavion Blue Capital LLC’s holdings in Apple were worth $1,462,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Robinson Value Management Ltd. purchased a new stake in Apple during the third quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised 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 purchasing an additional 107 shares in the last quarter. HBC Financial Services PLLC raised 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 purchasing an additional 80 shares in the last quarter. Align Wealth Management LLC purchased a new stake in Apple during the fourth quarter valued at $55,000. Finally, PayPay Securities Corp purchased a new stake in shares of Apple in the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.
Insiders Place Their Bets
In other news, insider Chris Kondo sold 4,092 shares of the business’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 sale, the insider now directly owns 33,946 shares in the company, valued at $5,881,483.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Timothy D. Cook sold 56,072 shares of the stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $165.17, for a total transaction of $9,261,412.24. Following the sale, the chief executive officer now owns 3,280,052 shares of the company’s stock, valued at $541,766,188.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 4,092 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $173.26, for a total value of $708,979.92. Following the sale, the insider now owns 33,946 shares of the company’s stock, valued at $5,881,483.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 439,529 shares of company stock worth $71,703,657. Corporate insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Apple Price Performance
Shares of AAPL stock opened at $180.09 on Friday. The stock has a 50 day moving average of $168.36 and a two-hundred day moving average of $152.62. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.56. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $180.12. The company has a market capitalization of $2.83 trillion, a P/E ratio of 30.58, a P/E/G ratio of 2.37 and a beta of 1.29.
Apple (NASDAQ:AAPL – Get Rating) last posted its 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. 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 quarter last year, the company earned $1.52 EPS. Apple’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 5.99 EPS for the current year.
Apple declared that its board has authorized a stock buyback program on Thursday, May 4th that allows the company to repurchase $90.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Apple Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, May 12th. This is a boost from Apple’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.53%. Apple’s payout ratio is 16.30%.
Apple Company 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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