Vista Finance LLC boosted its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 26.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 14,402 shares of the iPhone maker’s stock after buying an additional 3,051 shares during the period. Apple makes up approximately 3.7% of Vista Finance LLC’s portfolio, making the stock its 8th largest holding. Vista Finance LLC’s holdings in Apple were worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Norges Bank acquired a new stake in Apple in the fourth quarter valued at $25,228,507,000. State Street Corp lifted its holdings in Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after acquiring an additional 10,951,705 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Apple in the fourth quarter valued at $1,461,735,000. Capital Research Global Investors raised 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 worth $5,247,094,000 after buying an additional 8,154,171 shares during the last quarter. Finally, ProShare Advisors LLC raised 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 worth $3,705,275,000 after buying an additional 6,154,422 shares during the last quarter. Institutional investors and hedge funds own 57.98% of the company’s stock.
Insiders Place Their Bets
In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $161.72, for a total value of $4,043,000.00. Following the completion of the transaction, the senior vice president now owns 452,334 shares in the company, valued at approximately $73,151,454.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
AAPL has been the subject of several research reports. UBS Group set a $185.00 price target on Apple in a research note on Thursday, July 21st. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of Apple in a research note on Wednesday, June 8th. Bank of America cut their price target on Apple from $200.00 to $185.00 in a research note on Tuesday. Piper Sandler cut their price target on Apple from $200.00 to $195.00 in a research note on Friday, April 29th. Finally, Citigroup boosted their target price on shares of Apple from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $179.04.
Apple Stock Up 3.3 %
Shares of NASDAQ:AAPL opened at $162.51 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The stock has a market capitalization of $2.63 trillion, a P/E ratio of 26.38, a PEG ratio of 1.97 and a beta of 1.19. The stock has a 50-day simple moving average of $144.31 and a 200-day simple moving average of $157.43.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly 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 firm had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.88% and a net margin of 26.41%. Apple’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.30 EPS. Equities analysts forecast that Apple Inc. will post 6.09 earnings per share for the current year.
Apple declared that its Board of Directors has initiated a share buyback plan on Thursday, April 28th that allows the company to repurchase $90.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
Apple Announces Dividend
The business 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 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio is presently 14.94%.
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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