Tandem Wealth Advisors LLC bought a new stake in Apple Inc. (NASDAQ:AAPL – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,363 shares of the iPhone maker’s stock, valued at approximately $827,000. Apple comprises approximately 0.5% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 20th biggest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. purchased a new stake in shares of Apple during the 3rd quarter valued at approximately $28,000. St. James Investment Advisors LLC lifted its stake in shares of Apple by 98.3% during the 4th quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock valued at $31,000 after buying an additional 117 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Apple by 75.4% during the 3rd 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 shares of Apple by 21.7% during the 1st 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. Finally, Align Wealth Management LLC purchased a new stake in shares of Apple during the 4th quarter valued at approximately $55,000. 57.60% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Apple
In other news, insider Chris Kondo sold 4,092 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $173.26, for a total value of $708,979.92. Following the completion of the sale, the insider now directly owns 33,946 shares of the company’s stock, valued at approximately $5,881,483.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Jeffrey E. Williams sold 187,730 shares of Apple stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $159.76, for a total transaction of $29,991,744.80. Following the completion of the transaction, the chief operating officer now directly owns 489,816 shares of the company’s stock, valued at approximately $78,253,004.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,092 shares of Apple stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $173.26, for a total transaction of $708,979.92. Following the transaction, the insider now directly owns 33,946 shares of the company’s stock, valued at $5,881,483.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 439,529 shares of company stock valued at $71,703,657. Company insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
Apple Trading Down 0.6 %
Shares of AAPL opened at $184.92 on Friday. The stock has a market capitalization of $2.91 trillion, a P/E ratio of 31.40, a PEG ratio of 2.46 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.56. The firm has a fifty day simple moving average of $172.60 and a two-hundred day simple moving average of $155.12. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $186.99.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The iPhone maker reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $94.84 billion during the quarter, compared to analysts’ expectations of $92.84 billion. Apple had a net margin of 24.49% and a return on equity of 165.72%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 EPS. On average, research analysts anticipate that Apple Inc. will post 5.99 EPS for the current year.
Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 4th that allows the company to buyback $90.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 3.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Apple Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, May 15th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.52%. This is a boost from Apple’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, May 12th. Apple’s dividend payout ratio (DPR) is currently 16.30%.
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.
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