Apple Inc. (NASDAQ:AAPL) Position Boosted by Tfo Tdc LLC

Tfo Tdc LLC raised its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 232.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,942 shares of the iPhone maker’s stock after buying an additional 5,550 shares during the period. Apple makes up about 0.3% of Tfo Tdc LLC’s investment portfolio, making the stock its 19th largest holding. Tfo Tdc LLC’s holdings in Apple were worth $1,387,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AAPL. Norges Bank acquired a new position in shares of Apple in the fourth quarter worth about $25,228,507,000. State Street Corp boosted its stake in Apple by 1.8% in the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after purchasing an additional 10,951,705 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Apple during the 4th quarter worth approximately $1,461,735,000. Capital Research Global Investors raised its stake in Apple by 38.1% during the 4th quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock valued at $5,247,094,000 after purchasing an additional 8,154,171 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Apple by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 20,866,567 shares of the iPhone maker’s stock valued at $3,705,275,000 after purchasing an additional 6,154,422 shares in the last quarter. 57.98% of the stock is owned by institutional investors.

Apple Stock Down 0.8 %

NASDAQ AAPL opened at $154.09 on Friday. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a market cap of $2.49 trillion, a PE ratio of 25.01, a PEG ratio of 2.01 and a beta of 1.19. The firm has a 50-day simple moving average of $142.90 and a 200 day simple moving average of $157.91.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $97.28 billion during the quarter, compared to the consensus estimate of $93.99 billion. Apple had a return on equity of 152.88% and a net margin of 26.41%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, research analysts forecast that Apple Inc. will post 6.09 EPS for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Stockholders of record on Monday, May 9th were paid a $0.23 dividend. This is a boost from Apple’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Apple’s dividend payout ratio is currently 14.94%.

Apple declared that its board has approved a stock buyback program on Thursday, April 28th that authorizes the company to buyback $90.00 billion in shares. This buyback authorization authorizes the iPhone maker to reacquire up to 3.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AAPL shares. StockNews.com initiated coverage on Apple in a report on Thursday, March 31st. They set a “hold” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of Apple in a report on Wednesday, June 8th. JPMorgan Chase & Co. set a $200.00 price target on shares of Apple in a report on Friday, July 1st. Wells Fargo & Company dropped their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Fundamental Research decreased their target price on shares of Apple from $179.32 to $175.24 and set an “average” rating for the company in a research note on Friday, May 6th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total value of $4,043,000.00. Following the sale, the senior vice president now owns 452,334 shares of the company’s stock, valued at $73,151,454.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.06% of the stock is owned by insiders.

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.

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