Apple Inc. (AAPL) Holdings Trimmed by Bfsg LLC

Bfsg LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,147 shares of the iPhone maker’s stock after selling 2,274 shares during the period. Apple comprises approximately 1.9% of Bfsg LLC’s investment portfolio, making the stock its 14th largest holding. Bfsg LLC’s holdings in Apple were worth $4,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Brand Asset Management Group Inc. raised its stake in shares of Apple by 75.3% during the 4th quarter. Brand Asset Management Group Inc. now owns 1,152 shares of the iPhone maker’s stock worth $182,000 after purchasing an additional 495 shares during the period. V Wealth Advisors LLC raised its stake in shares of Apple by 0.8% during the 4th quarter. V Wealth Advisors LLC now owns 45,159 shares of the iPhone maker’s stock worth $6,861,000 after purchasing an additional 354 shares during the period. Virginia National Bank raised its stake in shares of Apple by 544.8% during the 4th quarter. Virginia National Bank now owns 24,005 shares of the iPhone maker’s stock worth $3,786,000 after purchasing an additional 20,282 shares during the period. Traynor Capital Management Inc. raised its stake in shares of Apple by 4.1% during the 4th quarter. Traynor Capital Management Inc. now owns 136,548 shares of the iPhone maker’s stock worth $21,539,000 after purchasing an additional 5,371 shares during the period. Finally, Notis McConarty Edward raised its stake in shares of Apple by 7.2% during the 4th quarter. Notis McConarty Edward now owns 34,252 shares of the iPhone maker’s stock worth $5,403,000 after purchasing an additional 2,286 shares during the period. Institutional investors and hedge funds own 57.47% of the company’s stock.

In other news, COO Jeffrey E. Williams sold 56,411 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $210.36, for a total transaction of $11,866,617.96. Following the completion of the transaction, the chief operating officer now owns 151,187 shares of the company’s stock, valued at $31,803,697.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luca Maestri sold 51,138 shares of the business’s 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 transaction, the insider now directly owns 27,448 shares of the company’s stock, valued at approximately $5,396,551.28. The disclosure for this sale can be found here. Insiders have sold 142,549 shares of company stock valued at $29,300,960 in the last three months. 0.05% of the stock is owned by insiders.

AAPL stock opened at $197.18 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a market cap of $986.57 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.70 and a beta of 1.14. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $233.47.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.09. The business had revenue of $58.02 billion during the quarter, compared to analyst estimates of $57.40 billion. Apple had a return on equity of 51.29% and a net margin of 22.12%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.73 EPS. Sell-side analysts expect that Apple Inc. will post 11.48 EPS for the current fiscal year.

Apple declared that its Board of Directors has approved a stock buyback program on Tuesday, April 30th that allows the company to buyback $75.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 7.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.73. Apple’s payout ratio is presently 24.52%.

AAPL has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Monday, January 14th. Royal Bank of Canada reissued a “buy” rating and issued a $185.00 price objective on shares of Apple in a report on Friday, January 18th. Canaccord Genuity reissued a “buy” rating on shares of Apple in a report on Friday, January 18th. DA Davidson decreased their price objective on Apple to $245.00 and set a “buy” rating for the company in a report on Wednesday, January 23rd. They noted that the move was a valuation call. Finally, Rosenblatt Securities set a $165.00 price objective on Apple and gave the stock a “hold” rating in a report on Friday, January 25th. Three investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $211.43.

COPYRIGHT VIOLATION WARNING: This report was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2019/05/12/apple-inc-aapl-holdings-trimmed-by-bfsg-llc.html.

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.

Featured Article: What is the LIBOR?

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply