Johanson Financial Advisors Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,952 shares of the iPhone maker’s stock after selling 8,976 shares during the quarter. Apple accounts for approximately 9.4% of Johanson Financial Advisors Inc.’s investment portfolio, making the stock its biggest holding. Johanson Financial Advisors Inc.’s holdings in Apple were worth $25,739,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Altus Wealth Management LLC lifted its holdings in shares of Apple by 1.1% during the 4th quarter. Altus Wealth Management LLC now owns 6,813 shares of the iPhone maker’s stock valued at $904,000 after purchasing an additional 77 shares during the last quarter. Red Cedar Capital LLC increased its position in Apple by 0.5% during the 4th quarter. Red Cedar Capital LLC now owns 16,056 shares of the iPhone maker’s stock valued at $2,130,000 after buying an additional 80 shares in the last quarter. Wilkins Investment Counsel Inc. raised its stake in Apple by 4.6% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 1,882 shares of the iPhone maker’s stock valued at $250,000 after buying an additional 82 shares during the last quarter. Harborview Advisors LLC raised its stake in Apple by 0.4% in the fourth quarter. Harborview Advisors LLC now owns 20,936 shares of the iPhone maker’s stock valued at $2,778,000 after buying an additional 87 shares during the last quarter. Finally, AlphaCore Capital LLC boosted its holdings in Apple by 0.4% in the fourth quarter. AlphaCore Capital LLC now owns 23,981 shares of the iPhone maker’s stock worth $3,182,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.
In other news, SVP Deirdre O’brien sold 18,216 shares of Apple stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $134.01, for a total transaction of $2,441,126.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 133,867 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $125.74, for a total value of $16,832,436.58. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.41. The business had revenue of $89.58 billion for the quarter, compared to the consensus estimate of $76.84 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. The business’s quarterly revenue was up 53.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Sell-side analysts predict that Apple Inc. will post 4.03 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 13th. Stockholders of record on Monday, May 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Apple’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 7th. Apple’s dividend payout ratio is 25.00%.
A number of brokerages recently issued reports on AAPL. Fundamental Research raised their target price on Apple from $113.91 to $148.12 and gave the stock a “buy” rating in a research note on Friday, February 5th. The Goldman Sachs Group set a $130.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday, April 29th. Raymond James increased their price target on shares of Apple from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research note on Tuesday, March 30th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $171.00 price objective (up previously from $154.00) on shares of Apple in a research note on Monday, February 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $146.82.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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