Priebe Wealth Holdings LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 15.3% during the first quarter, HoldingsChannel.com reports. The firm owned 4,580 shares of the iPhone maker’s stock after selling 827 shares during the quarter. Apple makes up about 0.6% of Priebe Wealth Holdings LLC’s holdings, making the stock its 21st biggest holding. Priebe Wealth Holdings LLC’s holdings in Apple were worth $785,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC increased its stake in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple during the 4th quarter worth $39,000. Gilfoyle & Co LLC increased its position in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the period. University of Texas Texas AM Investment Managment Co. raised its stake in Apple by 657.1% in 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. bought a new stake in Apple during the fourth quarter worth about $85,000. 60.41% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 75,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction 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 of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 247,087 shares of company stock valued at $44,016,111. 0.06% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Report on AAPL
Apple Price Performance
Apple stock opened at $210.62 on Monday. The stock has a market capitalization of $3.23 trillion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.56 and a beta of 1.25. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $220.20. 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 stock’s 50 day moving average price is $192.13 and its two-hundred day moving average price is $185.31.
Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. Apple’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. On average, equities analysts predict that Apple Inc. will post 6.59 earnings per share for the current year.
Apple announced that its board has authorized a share buyback program on Thursday, May 2nd that allows the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s payout ratio is presently 15.55%.
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.
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