Vident Investment Advisory LLC Boosts Holdings in Apple Inc. (NASDAQ:AAPL)

Vident Investment Advisory LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,241 shares of the iPhone maker’s stock after acquiring an additional 8,334 shares during the period. Vident Investment Advisory LLC’s holdings in Apple were worth $22,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new stake in Apple during the fourth quarter valued at approximately $1,631,000. Cardinal Capital Management Inc. raised its holdings in shares of Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC purchased a new position in shares of Apple in the fourth quarter worth $41,000. Emerson Wealth LLC raised its holdings in shares of Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after buying an additional 320 shares during the last quarter. Finally, Econ Financial Services Corp raised its holdings in shares of Apple by 29.1% in the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Stock Up 1.9 %

Shares of NASDAQ AAPL opened at $157.37 on Friday. The company’s 50-day simple moving average is $158.47 and its 200-day simple moving average is $156.34. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The firm has a market cap of $2.53 trillion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. During the same quarter last year, the business earned $1.30 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. Apple’s dividend payout ratio (DPR) is 15.18%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. UBS Group set a $185.00 price target on shares of Apple in a report on Thursday. Morgan Stanley decreased their price target on shares of Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 20th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a report on Tuesday, September 6th. JPMorgan Chase & Co. set a $200.00 price target on shares of Apple in a report on Tuesday, September 6th. Finally, Barclays set a $169.00 price objective on shares of Apple in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.31.

Insider Activity

In other news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the firm’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 transaction, the senior vice president now directly owns 427,334 shares in the company, valued at $70,411,823.18. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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