Apple Inc. (NASDAQ:AAPL) Shares Sold by Shilanski & Associates Inc.

Shilanski & Associates Inc. decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 17,056 shares of the iPhone maker’s stock after selling 71 shares during the quarter. Shilanski & Associates Inc.’s holdings in Apple were worth $3,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Innovative Wealth Building LLC increased its position in shares of Apple by 1.4% in the first quarter. Innovative Wealth Building LLC now owns 4,511 shares of the iPhone maker’s stock worth $1,002,000 after acquiring an additional 61 shares in the last quarter. Buttonwood Financial Advisors Inc. increased its position in shares of Apple by 0.5% in the first quarter. Buttonwood Financial Advisors Inc. now owns 14,843 shares of the iPhone maker’s stock worth $3,297,000 after acquiring an additional 81 shares in the last quarter. Waterfront Wealth Inc. increased its position in shares of Apple by 1.6% in the first quarter. Waterfront Wealth Inc. now owns 50,502 shares of the iPhone maker’s stock worth $11,218,000 after acquiring an additional 793 shares in the last quarter. Guerra Advisors Inc increased its position in shares of Apple by 15.9% in the first quarter. Guerra Advisors Inc now owns 18,910 shares of the iPhone maker’s stock worth $4,200,000 after acquiring an additional 2,590 shares in the last quarter. Finally, Stonebridge Financial Group LLC increased its position in shares of Apple by 0.8% in the first quarter. Stonebridge Financial Group LLC now owns 137,988 shares of the iPhone maker’s stock worth $30,651,000 after acquiring an additional 1,151 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $233.33 on Thursday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The firm has a market cap of $3.46 trillion, a P/E ratio of 35.41, a PEG ratio of 2.40 and a beta of 1.16. The stock has a fifty day moving average price of $208.49 and a two-hundred day moving average price of $213.35. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%. The business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is currently 15.78%.

Apple declared that its board has initiated a stock buyback program on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AAPL. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research report on Wednesday, May 21st. China Renaissance began coverage on shares of Apple in a research report on Tuesday, April 22nd. They issued a “buy” rating and a $241.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Friday, August 1st. UBS Group upped their target price on shares of Apple from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Evercore ISI restated an “outperform” rating on shares of Apple in a research note on Wednesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $237.60.

Insider Activity

In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Apple Company Profile

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.