Siemens Fonds Invest GmbH raised its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 433,723 shares of the iPhone maker’s stock after purchasing an additional 21,647 shares during the quarter. Apple comprises 4.2% of Siemens Fonds Invest GmbH’s investment portfolio, making the stock its 4th biggest holding. Siemens Fonds Invest GmbH’s holdings in Apple were worth $109,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Advanced Portfolio Management LLC boosted its stake in shares of Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock worth $3,260,000 after acquiring an additional 47 shares during the period. Hanseatic Management Services Inc. lifted its holdings in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after purchasing an additional 48 shares during the last quarter. Family Capital Management Inc. boosted its position in Apple by 0.3% during the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker’s stock worth $4,235,000 after purchasing an additional 48 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Apple by 0.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 16,682 shares of the iPhone maker’s stock valued at $4,178,000 after purchasing an additional 48 shares during the last quarter. Finally, Scarborough Advisors LLC increased its holdings in shares of Apple by 0.3% in the fourth quarter. Scarborough Advisors LLC now owns 15,940 shares of the iPhone maker’s stock valued at $3,992,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Apple Price Performance
Shares of NASDAQ:AAPL opened at $201.00 on Friday. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The company has a market cap of $3.00 trillion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.24 and a beta of 1.22. The firm has a 50 day simple moving average of $202.35 and a 200 day simple moving average of $221.56.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.52%. Apple’s dividend payout ratio (DPR) is currently 16.20%.
Apple declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
Insider Activity
In other news, insider Chris Kondo sold 4,486 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares of the company’s stock, valued at $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the transaction, the chief financial officer now owns 4,569 shares of the company’s stock, valued at approximately $941,214. This trade represents a 50.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Apple in a report on Friday, June 13th. UBS Group restated a “buy” rating on shares of Apple in a research note on Sunday, June 1st. DA Davidson upped their price objective on Apple from $230.00 to $250.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Bank of America reiterated a “buy” rating and set a $235.00 price objective on shares of Apple in a research report on Tuesday, June 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $170.62 target price (up previously from $167.88) on shares of Apple in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $234.86.
Check Out Our Latest Report on Apple
About Apple
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.
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