Guerra Advisors Inc Purchases 2,590 Shares of Apple Inc. (NASDAQ:AAPL)

Guerra Advisors Inc lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 15.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,910 shares of the iPhone maker’s stock after purchasing an additional 2,590 shares during the period. Apple comprises approximately 2.4% of Guerra Advisors Inc’s portfolio, making the stock its 13th largest holding. Guerra Advisors Inc’s holdings in Apple were worth $4,200,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Life Planning Partners Inc acquired a new stake in shares of Apple in the 4th quarter worth $47,000. Conquis Financial LLC purchased a new position in Apple in the 4th quarter worth $63,000. LSV Asset Management purchased a new position in Apple in the 4th quarter worth $65,000. Pillar Financial Advisors LLC purchased a new position in Apple in the 4th quarter worth $82,000. Finally, Compass Planning Associates Inc purchased a new position in Apple in the 4th quarter worth $96,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL opened at $233.33 on Thursday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The company has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16. The firm has a 50-day simple moving average of $208.49 and a 200-day simple moving average 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 earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 11th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is 15.78%.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Loop Capital reduced their target price on Apple from $230.00 to $215.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. DA Davidson reiterated a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Friday, August 1st. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating in a research note on Friday, July 18th. TD Cowen lowered their price objective on Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Wedbush restated an “outperform” rating and set a $270.00 target price on shares of Apple in a report on Thursday, August 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and two have 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 target price of $237.60.

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.