Apple Inc. (NASDAQ:AAPL) Holdings Cut by BancFirst Trust & Investment Management

BancFirst Trust & Investment Management lowered its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,673 shares of the iPhone maker’s stock after selling 713 shares during the period. BancFirst Trust & Investment Management’s holdings in Apple were worth $287,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Conservest Capital Advisors Inc. grew its position in Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares in the last quarter. Flagstone Financial Management grew its position in Apple by 0.9% during the 4th quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock worth $1,173,000 after purchasing an additional 56 shares in the last quarter. High Pines Wealth Management LLC grew its position in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares in the last quarter. Asset Planning Corporation grew its holdings in shares of Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares in the last quarter. Finally, Columbus Macro LLC grew its holdings in shares of Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $214.29 on Wednesday. The stock has a market cap of $3.29 trillion, a P/E ratio of 33.33, a PEG ratio of 2.59 and a beta of 1.25. The company’s 50-day simple moving average is $185.62 and its 200 day simple moving average is $184.36. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $220.20. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPLGet Free Report) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. As a group, research analysts forecast that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. This is a boost from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio is currently 15.55%.

Apple announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 2nd that allows the company to buyback $110.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. DZ Bank restated a “hold” rating and set a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Wedbush boosted their price target on shares of Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Monness Crespi & Hardt restated a “buy” rating and set a $205.00 price target on shares of Apple in a report on Thursday, June 6th. Rosenblatt Securities restated a “neutral” rating and set a $196.00 price target on shares of Apple in a report on Tuesday, June 11th. Finally, Barclays restated an “underweight” rating and set a $164.00 price target on shares of Apple in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $208.06.

Read Our Latest Report on Apple

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares in the company, valued at $5,574,531.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 346,270 shares of company stock valued at $60,880,196. 0.06% of the stock is currently owned by insiders.

Apple Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. 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, and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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