Arwa LLC Acquires Shares of 12,209 Apple Inc. $AAPL

Arwa LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) in the 4th quarter, Holdings Channel.com reports. The fund bought 12,209 shares of the iPhone maker’s stock, valued at approximately $3,319,000. Apple makes up 1.9% of Arwa LLC’s investment portfolio, making the stock its 8th largest holding.

Several other large investors have also made changes to their positions in AAPL. Isthmus Partners LLC boosted its stake in shares of Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after purchasing an additional 5,808 shares during the last quarter. ROSS JOHNSON & Associates LLC raised its stake in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter worth approximately $65,000. Timmons Wealth Management LLC acquired a new position in Apple in the fourth quarter valued at approximately $69,000. Finally, Inspire Investing LLC acquired a new position in Apple in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $298.01 on Monday. Apple Inc. has a twelve month low of $196.85 and a twelve month high of $317.40. The stock has a market cap of $4.38 trillion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 2.59 and a beta of 1.09. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average is $289.73 and its 200-day moving average is $272.91.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Equities research analysts predict that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is presently 13.06%.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. The trade was a 1.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 116 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 97,875 shares of company stock valued at $24,998,541 over the last ninety days. 0.06% of the stock is owned by insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s planned price increases could protect margins as memory and storage costs rise, and Bank of America reiterated a Buy rating with a $380 target, citing Apple’s pricing power and supply-chain strength. Article Title
• Positive Sentiment: Reports of upcoming AI-focused devices and a second-generation iPhone Air support confidence in Apple’s product pipeline and longer-term growth story. Article Title
• Neutral Sentiment: Apple’s planned price hikes may help earnings, but they could also pressure demand if consumers balk at higher handset prices. Article Title
• Neutral Sentiment: Apple opening Brazil’s App Store to alternative marketplaces reduces regulatory friction there, but it also underscores ongoing global platform scrutiny. Article Title

Analysts Set New Price Targets

A number of research firms have commented on AAPL. Robert W. Baird set a $310.00 target price on shares of Apple in a report on Friday, May 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a research note on Friday, May 1st. Tigress Financial restated a “strong-buy” rating and issued a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research note on Tuesday, June 9th. Finally, UBS Group reiterated a “buy” rating on shares of Apple in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $314.59.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.