17,744 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. acquired a new position in shares of Apple Inc. (NASDAQ:AAPLFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,744 shares of the iPhone maker’s stock, valued at approximately $3,416,000. Apple accounts for approximately 3.6% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds have also recently made changes to their positions in AAPL. Morgan Stanley boosted its position in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the period. International Assets Investment Management LLC lifted its position in shares of Apple by 14,395.4% during the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after purchasing an additional 70,212,651 shares during the last quarter. Barclays PLC lifted its position in shares of Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after purchasing an additional 2,826,709 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Apple by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock worth $6,605,195,000 after purchasing an additional 1,696,576 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Apple by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock worth $3,020,609,000 after purchasing an additional 287,329 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares in the company, valued at $5,574,531.20. The disclosure for this sale can be found here. Insiders sold 371,270 shares of company stock valued at $64,605,696 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $189.87 on Friday. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The firm has a fifty day moving average of $174.13 and a 200-day moving average of $182.61. The firm has a market capitalization of $2.91 trillion, a P/E ratio of 29.53, a PEG ratio of 2.28 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 6.57 EPS for the current year.

Apple declared that its board has approved a share buyback plan on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were given a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. This is a positive change from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is presently 15.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AAPL shares. Morgan Stanley lifted their price objective on shares of Apple from $210.00 to $216.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Barclays lifted their price objective on shares of Apple from $158.00 to $164.00 and gave the company an “underweight” rating in a research note on Friday, May 3rd. Loop Capital dropped their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Friday, May 3rd. Finally, Canaccord Genuity Group lifted their target price on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a report on Saturday, May 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $204.71.

View Our Latest Analysis on AAPL

About Apple

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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