Eagle Rock Investment Company LLC purchased a new position in Apple Inc. (NASDAQ: AAPL – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,006 shares of the iPhone maker’s stock, valued at approximately $ 17,758,000. Apple makes up approximately 3.4% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 5th biggest holding.
Several other large investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $ 112,422,274,000 after buying an additional 10,951,705 shares during the period. Miracle Mile Advisors LLC raised its position in shares of Apple by 1,841.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 8,755,560 shares of the iPhone maker’s stock worth $ 78,548,000 after buying an additional 8,304,604 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Apple in the fourth quarter worth $ 1,461,735,000. Capital Research Global Investors raised its position in shares of Apple by 38.1% in the fourth quarter. Capital Research Global Investors now owns 29,549,427 shares of the iPhone maker’s stock worth $ 5,247,094,000 after buying an additional 8,154,171 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Apple by 41.8% in the fourth quarter. ProShare Advisors LLC now owns 20,866,567 shares of the iPhone maker’s stock valued at $ 3,705,275,000 after acquiring an additional 6,154,422 shares during the last quarter. Institutional investors and hedge funds own 57.98% of the company stock.
In other news, SVP Deirdre O’brien sold 29,198 shares of Apple stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $ 177.77, for a total value of $ 5,190,528.46. Following the sale, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $ 24,228,273.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the company stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $ 161.72, for a total value of $ 4,043,000.00. Following the sale, the senior vice president now owns 452,334 shares in the company, valued at $ 73,151,454.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 168,099 shares of company stock valued at $ 29,376,711. Company insiders own 0.06% of the company stock.
Shares of NASDAQ AAPL opened at $ 135.43 on Thursday. The stock has a market capitalization of $ 2.19 trillion, a P / E ratio of 21.99, a P / E / G ratio of 1.79 and a beta of 1.20. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.93 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $ 128.46 and a 1 year high of $ 182.94. The company 50-day moving average is $ 152.73 and its 200 day moving average is $ 163.80.
Apple (NASDAQ: AAPL – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $ 1.52 EPS for the quarter, beating the consensus estimate of $ 1.43 by $ 0.09. Apple had a net margin of 26.41% and a return on equity of 152.88%. The firm had revenue of $ 97.28 billion for the quarter, compared to the consensus estimate of $ 93.99 billion. During the same period last year, the firm earned $ 1.40 EPS. The company revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Apple Inc. will post 6.11 earnings per share for the current year.
Apple announced that its Board of Directors has initiated a share repurchase plan on Thursday, April 28th that permits the company to repurchase $ 90.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to buy up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Monday, May 9th were given a dividend of $ 0.23 per share. This is a positive change from Apple’s previous quarterly dividend of $ 0.22. This represents a $ 0.92 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, May 6th. Apple’s dividend payout ratio (DPR) is currently 14.94%.
AAPL has been the subject of several analyst reports. Loop Capital reduced their price target on shares of Apple from $ 210.00 to $ 180.00 and set a “buy” rating for the company in a research report on Wednesday, May 25th. Bank of America decreased their price target on Apple from $ 215.00 to $ 200.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. StockNews.com started coverage on Apple in a report on Thursday, March 31st. They issued a “hold” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $ 190.00 target price on Apple shares in a research report on Wednesday, June 8th. Finally, Piper Sandler dropped their price objective on shares of Apple from $ 200.00 to $ 195.00 in a report on Friday, April 29th. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $ 186.55.
Apple Company Profile: (Get Rating)
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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