Holland Advisory Services Inc. Has $1.33 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Holland Advisory Services Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,767 shares of the iPhone maker’s stock after selling 259 shares during the period. Apple makes up approximately 1.5% of Holland Advisory Services Inc.’s investment portfolio, making the stock its 9th largest position. Holland Advisory Services Inc.’s holdings in Apple were worth $1,332,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Wyrmwood Management LLC boosted its stake in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the period. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Apple in the fourth quarter valued at approximately $39,000. Gilfoyle & Co LLC boosted its stake in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares during the period. University of Texas Texas AM Investment Managment Co. raised its position in Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in Apple during the fourth quarter valued at approximately $85,000. Institutional investors own 60.41% of the company’s stock.

Apple Price Performance

AAPL stock opened at $208.14 on Tuesday. The stock has a market capitalization of $3.19 trillion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The company’s 50-day moving average is $188.57 and its 200-day moving average is $184.85. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $220.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company 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 business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts expect that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders 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 dividend yield of 0.48%. The ex-dividend date was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is 15.55%.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Erste Group Bank upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Canaccord Genuity Group boosted their price objective on shares of Apple from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Citigroup lowered their price objective on shares of Apple from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Loop Capital lowered their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Finally, Rosenblatt Securities restated a “neutral” rating and set a $196.00 price objective on shares of Apple in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $210.83.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was 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 owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 346,270 shares of company stock valued at $60,880,196 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Apple 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.