Ayalon Holdings Ltd. Has $10.72 Million Position in Apple Inc. (NASDAQ:AAPL)

Ayalon Holdings Ltd. lifted its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,366 shares of the iPhone maker’s stock after buying an additional 145 shares during the quarter. Apple comprises 3.6% of Ayalon Holdings Ltd.’s portfolio, making the stock its 6th biggest holding. Ayalon Holdings Ltd.’s holdings in Apple were worth $10,715,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AAPL. Norges Bank bought a new position in shares of Apple in the fourth quarter valued at about $25,228,507,000. State Street Corp raised its holdings in shares of Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after buying an additional 10,951,705 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Apple in the fourth quarter valued at about $1,461,735,000. Capital Research Global Investors raised its holdings in shares of Apple by 38.1% in the fourth quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock valued at $5,247,094,000 after buying an additional 8,154,171 shares during the last quarter. Finally, ProShare Advisors LLC raised 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 buying an additional 6,154,422 shares during the last quarter. 57.98% of the stock is owned by institutional investors.

Apple Price Performance

AAPL stock opened at $154.09 on Friday. The stock has a 50-day moving average price of $142.90 and a two-hundred day moving average price of $157.91. The stock has a market cap of $2.49 trillion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.19. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 1.53. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94.

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

Apple announced that its Board of Directors has approved a stock repurchase program on Thursday, April 28th that allows the company to buyback $90.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

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

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the sale, the senior vice president now directly owns 452,334 shares of the company’s stock, valued at approximately $73,151,454.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Evercore ISI decreased their price target on Apple from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, June 28th. Morgan Stanley decreased their price target on Apple from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. set a $200.00 price target on Apple in a report on Friday, July 1st. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of Apple in a report on Wednesday, June 8th. Finally, Wells Fargo & Company decreased their price target on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Apple Company 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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