PrairieView Partners LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,283 shares of the iPhone maker’s stock after selling 402 shares during the period. PrairieView Partners LLC’s holdings in Apple were worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. Kiley Juergens Wealth Management LLC boosted its holdings in shares of Apple by 1.1% in the 4th quarter. Kiley Juergens Wealth Management LLC now owns 44,530 shares of the iPhone maker’s stock valued at $7,024,000 after acquiring an additional 494 shares during the last quarter. Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of Apple by 9.0% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 304,348 shares of the iPhone maker’s stock valued at $68,704,000 after acquiring an additional 25,092 shares during the last quarter. Newman Dignan & Sheerar Inc. boosted its holdings in shares of Apple by 5.2% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 23,123 shares of the iPhone maker’s stock valued at $5,186,000 after acquiring an additional 1,142 shares during the last quarter. Dundas Partners LLP boosted its holdings in shares of Apple by 28.0% in the 3rd quarter. Dundas Partners LLP now owns 43,775 shares of the iPhone maker’s stock valued at $12,083,000 after acquiring an additional 9,585 shares during the last quarter. Finally, United Capital Management of KS Inc. purchased a new stake in shares of Apple in the 3rd quarter valued at $3,860,000. 57.43% of the stock is owned by institutional investors.
Shares of AAPL traded up $2.60 during trading on Friday, reaching $211.75. 20,829,425 shares of the company traded hands, compared to its average volume of 30,298,664. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $233.47. The stock has a market cap of $1,040.78 billion, a PE ratio of 17.78, a P/E/G ratio of 2.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25.
Apple declared that its board has approved a stock buyback plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.73. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.45%. Apple’s dividend payout ratio (DPR) is currently 24.52%.
In other news, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $196.61, for a total value of $10,054,242.18. Following the completion of the transaction, the insider now owns 27,448 shares of the company’s stock, valued at $5,396,551.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.05% of the stock is owned by company insiders.
Several research firms have recently commented on AAPL. BidaskClub raised shares of Apple from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. JPMorgan Chase & Co. reissued a “buy” rating and set a $230.00 price target on shares of Apple in a report on Monday, April 29th. Rosenblatt Securities lowered their price target on shares of Apple from $165.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, January 30th. Canaccord Genuity increased their price target on shares of Apple from $185.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, New Street Research downgraded shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 price target on the stock. in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Apple presently has a consensus rating of “Hold” and a consensus target price of $211.43.
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Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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