Wambolt & Associates LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 8,436 shares of the iPhone maker’s stock, valued at approximately $1,331,000. Apple comprises about 1.5% of Wambolt & Associates LLC’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kiley Juergens Wealth Management LLC grew its position in Apple by 1.1% in the 4th quarter. Kiley Juergens Wealth Management LLC now owns 44,530 shares of the iPhone maker’s stock valued at $7,024,000 after buying an additional 494 shares during the last quarter. Rothschild & Co. Asset Management US Inc. grew its position in Apple by 9.0% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 304,348 shares of the iPhone maker’s stock valued at $68,704,000 after buying an additional 25,092 shares during the last quarter. Newman Dignan & Sheerar Inc. grew its position in Apple by 5.2% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 23,123 shares of the iPhone maker’s stock valued at $5,186,000 after buying an additional 1,142 shares during the last quarter. CKW Financial Group grew its position in Apple by 15.0% in the 4th quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after buying an additional 105 shares during the last quarter. Finally, Dundas Partners LLP grew its position in Apple by 28.0% in the 3rd quarter. Dundas Partners LLP now owns 43,775 shares of the iPhone maker’s stock valued at $12,083,000 after buying an additional 9,585 shares during the last quarter. Institutional investors and hedge funds own 55.46% of the company’s stock.

Apple stock traded down $0.69 during midday trading on Friday, reaching $178.97. 23,663,409 shares of the company were exchanged, compared to its average volume of 30,924,725. The stock has a market cap of $879.66 billion, a PE ratio of 15.03, a P/E/G ratio of 1.58 and a beta of 1.14. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, April 30th. The iPhone maker reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.09. The firm had revenue of $58.02 billion during the quarter, compared to analysts’ expectations of $57.40 billion. Apple had a return on equity of 51.29% and a net margin of 22.12%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 EPS. On average, equities analysts predict that Apple Inc. will post 11.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.73. Apple’s dividend payout ratio (DPR) is currently 25.86%.

Apple announced that its board has approved a stock repurchase plan on Tuesday, April 30th that allows the company to repurchase $75.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms recently weighed in on AAPL. BidaskClub upgraded shares of Apple from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $230.00 target price on shares of Apple in a report on Monday, April 29th. Rosenblatt Securities reduced their target price on Apple from $165.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, January 30th. Canaccord Genuity raised their target price on Apple from $185.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, New Street Research downgraded Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price for the company. in a report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $209.97.

In other Apple news, insider Luca Maestri sold 51,138 shares of Apple stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $196.61, for a total value of $10,054,242.18. Following the completion of the sale, the insider now owns 27,448 shares in the company, valued at approximately $5,396,551.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 56,411 shares of Apple stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $210.36, for a total value of $11,866,617.96. Following the completion of the sale, the chief operating officer now owns 151,187 shares of the company’s stock, valued at approximately $31,803,697.32. The disclosure for this sale can be found here. Insiders sold a total of 142,549 shares of company stock valued at $29,300,960 in the last 90 days. 0.05% of the stock is owned by company insiders.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

See Also: Risk Tolerance

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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