YorkBridge Wealth Partners LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,164 shares of the iPhone maker’s stock after selling 380 shares during the quarter. Apple makes up approximately 3.3% of YorkBridge Wealth Partners LLC’s holdings, making the stock its 4th largest holding. YorkBridge Wealth Partners LLC’s holdings in Apple were worth $7,355,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC grew its position in shares of Apple by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 12,766,487 shares of the iPhone maker’s stock worth $2,013,786,000 after acquiring an additional 417,421 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Apple by 4.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,155,585 shares of the iPhone maker’s stock worth $1,929,054,000 after acquiring an additional 414,856 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of Apple by 19,949.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after acquiring an additional 10,004,976 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Apple by 4.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,652,260 shares of the iPhone maker’s stock worth $1,453,547,000 after acquiring an additional 295,102 shares in the last quarter. Finally, Sanders Capital LLC grew its position in shares of Apple by 1.4% in the 4th quarter. Sanders Capital LLC now owns 7,620,004 shares of the iPhone maker’s stock worth $1,321,786,000 after acquiring an additional 108,823 shares in the last quarter. Institutional investors own 58.65% of the company’s stock.
Shares of NASDAQ AAPL traded up $3.30 during midday trading on Tuesday, reaching $196.64. 24,419,611 shares of the company were exchanged, compared to its average volume of 24,797,644. The company’s 50-day moving average price is $203.05. The stock has a market capitalization of $922.00 billion, a PE ratio of 16.51, a P/E/G ratio of 1.71 and a beta of 1.25. Apple Inc. has a one year low of $142.00 and a one year high of $233.47. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88.
Apple announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 30th that allows the company to repurchase $75.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 12th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 1.57%. Apple’s payout ratio is presently 25.86%.
In related news, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $214.02, for a total value of $3,745,350.00. Following the sale, the director now owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
Several research analysts have recently commented on AAPL shares. ValuEngine lowered Apple from a “buy” rating to a “hold” rating in a research report on Tuesday. Cowen lifted their price target on shares of Apple from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Credit Suisse Group set a $209.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Deutsche Bank boosted their price objective on shares of Apple from $205.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Rosenblatt Securities restated a “sell” rating and set a $150.00 price objective on shares of Apple in a research report on Monday, July 8th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Apple has a consensus rating of “Hold” and a consensus target price of $217.49.
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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