Apple Inc. (NASDAQ:AAPL) is Libra Wealth LLC’s 9th Largest Position

Libra Wealth LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 16.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,548 shares of the iPhone maker’s stock after purchasing an additional 3,000 shares during the quarter. Apple makes up approximately 2.2% of Libra Wealth LLC’s holdings, making the stock its 9th biggest position. Libra Wealth LLC’s holdings in Apple were worth $3,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Norges Bank purchased a new stake in shares of Apple during the 4th quarter valued at about $25,228,507,000. State Street Corp increased its position in shares of Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after purchasing an additional 10,951,705 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Apple by 38.1% during the 4th quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock valued at $5,247,094,000 after acquiring an additional 8,154,171 shares during the period. ProShare Advisors LLC grew its stake in shares of Apple by 41.8% during the 4th quarter. ProShare Advisors LLC now owns 20,866,567 shares of the iPhone maker’s stock valued at $3,705,275,000 after acquiring an additional 6,154,422 shares during the period. Finally, TD Asset Management Inc. grew its stake in shares of Apple by 35.2% during the 4th quarter. TD Asset Management Inc. now owns 22,076,969 shares of the iPhone maker’s stock valued at $3,920,207,000 after acquiring an additional 5,745,290 shares during the period. Hedge funds and other institutional investors own 57.98% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $164.92 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. The business’s fifty day simple moving average is $146.97 and its two-hundred day simple moving average is $157.08. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The firm has a market cap of $2.65 trillion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.14 and a beta of 1.23.

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

Apple Dividend Announcement

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

Apple announced that its Board of Directors has initiated a share buyback program on Thursday, April 28th that permits the company to repurchase $90.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to purchase up to 3.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AAPL shares. UBS Group set a $185.00 price objective on Apple in a research note on Thursday, July 21st. Fundamental Research set a $177.07 price objective on Apple and gave the company a “buy” rating in a research note on Thursday, August 4th. The Goldman Sachs Group set a $139.00 price objective on Apple in a research note on Friday, July 29th. Itau BBA Securities started coverage on Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. Finally, Rosenblatt Securities cut their price objective on Apple from $168.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $179.27.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

About Apple

(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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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