Apple Inc. (NASDAQ:AAPL) Shares Acquired by Gibson Capital LLC

Gibson Capital LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 1.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,592 shares of the iPhone maker’s stock after purchasing an additional 152 shares during the quarter. Apple makes up approximately 0.4% of Gibson Capital LLC’s holdings, making the stock its 11th largest position. Gibson Capital LLC’s holdings in Apple were worth $1,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cardinal Capital Management Inc. boosted its position in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after acquiring an additional 221 shares during the period. Shore Point Advisors LLC acquired a new position in Apple during the 4th quarter worth $41,000. St. James Investment Advisors LLC acquired a new position in Apple during the 4th quarter worth $57,000. Emerson Wealth LLC boosted its position in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after acquiring an additional 320 shares during the period. Finally, Econ Financial Services Corp boosted its position in Apple by 29.1% during the 1st quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 57.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAPL shares. Rosenblatt Securities cut their price objective on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, July 29th. Oppenheimer restated an “outperform” rating and issued a $190.00 price objective on shares of Apple in a report on Wednesday, June 8th. Credit Suisse Group set a $166.00 price objective on Apple in a report on Friday, July 29th. set a $175.00 price objective on Apple in a report on Friday, July 29th. Finally, Itaú Unibanco started coverage on Apple in a report on Tuesday, July 26th. They issued an “underperform” rating and a $136.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.27.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

Shares of AAPL stock opened at $164.87 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. Apple Inc. has a fifty-two week low of $129.04 and a fifty-two week high of $182.94. The stock’s 50-day moving average is $146.64 and its two-hundred day moving average is $157.02. The firm has a market cap of $2.65 trillion, a P/E ratio of 27.21, a PEG ratio of 2.14 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The company had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Monday, August 8th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Apple announced that its board has initiated a stock repurchase program on Thursday, April 28th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to buy up to 3.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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