Apple Inc. (NASDAQ:AAPL) Shares Sold by VanderPol Investments L.L.C.

VanderPol Investments L.L.C. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,094 shares of the iPhone maker’s stock after selling 298 shares during the period. Apple accounts for about 1.5% of VanderPol Investments L.L.C.’s holdings, making the stock its 21st biggest position. VanderPol Investments L.L.C.’s holdings in Apple were worth $531,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Yeomans Consulting Group Inc. acquired a new position in Apple in the 4th quarter valued at about $1,713,000. Raleigh Capital Management Inc. increased its position in Apple by 11.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after acquiring an additional 1,643 shares during the period. Headinvest LLC increased its position in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after acquiring an additional 872 shares during the period. GLOBALT Investments LLC GA acquired a new position in Apple in the 4th quarter valued at about $38,406,000. Finally, Barden Capital Management Inc. increased its position in Apple by 132.8% in the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after acquiring an additional 18,615 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Canaccord Genuity Group boosted their price target on Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Saturday, May 4th. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $200.00 to $230.00 in a report on Tuesday, June 11th. JPMorgan Chase & Co. lifted their price objective on Apple from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Tuesday, June 18th. Finally, Bank of America reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Apple in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $209.38.

Apple Trading Down 1.0 %

Shares of AAPL opened at $207.49 on Monday. The stock has a fifty day moving average of $187.87 and a two-hundred day moving average of $184.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market capitalization of $3.18 trillion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $220.20.

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

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. 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 15.55%.

Apple announced that its board has initiated a stock repurchase plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the transaction, the director now directly owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the sale, the director now directly owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. In the last three months, insiders sold 346,270 shares of company stock valued at $60,880,196. Company insiders own 0.06% of the company’s stock.

Apple Company Profile

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.