Apple Inc. (NASDAQ:AAPL) is Epic Trust Investment Advisors LLC’s 8th largest position


Epic Trust Investment Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating ) by 5.0% during the first quarter, Holdings Channel reports. The firm owned 9,868 shares of the iPhone maker’s stock after buying an additional 467 shares during the quarter. Apple accounts for 2.7% of Epic Trust Investment Advisors LLC’s portfolio, making the stock its 8th largest holding. Epic Trust Investment Advisors LLC’s holdings in Apple were worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daniels&Tansey LLP boosted its holdings in Apple by 1.6% in the fourth quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock valued at $685,000 after buying an additional 60 shares during the last quarter. Donald L. Hagan LLC boosted its position in Apple by 0.3% in the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after buying an additional 61 shares during the last quarter. Hanlon Investment Management Inc. increased its stake in shares of Apple by 0.7% during the fourth quarter. Hanlon Investment Management Inc. now owns 10,124 shares of the iPhone maker’s stock valued at $1,798,000 after acquiring an additional 66 shares in the last quarter. Investors Research Corp boosted its stake in shares of Apple by 0.4% in the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after purchasing an additional 66 shares during the period. Finally, Financial Planning & Information Services Inc. increased its holdings in shares of Apple by 1.0% during the 4th quarter. Financial Planning & Information Services Inc. now owns 6,837 shares of the iPhone maker’s stock valued at $1,214,000 after buying an additional 67 shares in the last quarter. 57.98% of the shares are currently owned by institutional investors and hedge funds.

The Wall Street analyst weighs in

AAPL has been the subject of several research reports. Goldman Sachs Group decreased their price objective on shares of Apple from $157.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 6th. Loop Capital cut their target price on shares of Apple from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Credit Suisse Group set a $169.00 price target on Apple in a research note on Friday, April 29th. Citigroup lowered their target price on Apple from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com assumed coverage on shares of Apple in a report on Thursday, March 31st. They assign a “hold” rating to the stock. Nine research analysts have rated the stock with a “hold” rating, twenty-four have given a “buy” rating and one has issued a strong “buy” rating to the company. Apple presently has an average rating of “Moderate Buy” and an average target price of $183.49, based on data from MarketBeat.com.

Apple’s price performance

Shares of AAPL opened at $150.17 on Friday. The firm has a 50-day moving average of $142.54 and a 200-day moving average of $158.97. The company has a current ratio of 0.93, a quick ratio of 0.88, and a debt-to-equity ratio of 1.53. The firm has a market cap of $2.43 trillion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.19. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94.

Apple (NASDAQ:AAPL – Get Rating ) last announced its quarterly earnings results on Thursday, April 28th. The iPhone maker reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The firm had revenue of $97.28 billion during the quarter, compared to the consensus estimate of $93.99 billion. Apple had a net margin of 26.41% and a return on equity of 152.88%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. As a group of sell-side analysts predict that Apple Inc. will post 6.09 earnings per share for the current fiscal year.

Apple increases dividends

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Monday, May 9th were given a $0.23 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.22. This represents an annualized dividend of $0.92 and a yield of 0.61%. The ex-dividend date was Friday, May 6th. Apple’s dividend payout ratio is currently 14.94%.

Apple declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 28th that permits the company to repurchase $90.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to buy back up to 3.5% of its shares through open market purchases. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.

Insider buying and selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the completion of the transaction, the senior vice president now owns 452,334 shares of the company’s stock, valued at $73,151,454.48. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s 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 completion of the transaction, the senior vice president now owns 452,334 shares of the company’s stock, valued at approximately $73,151,454.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Deirdre O’Brien sold 8,000 shares of the firm’s stock in a transaction on Monday, April 18th. The shares were sold at an average price of $164.91, for a total transaction of $1,319,280.00. Following the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $22,475,583.90. Disclosure of this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple company profile

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Apple Inc designs, manufactures and sells smartphones, personal computers, tablets, wearable devices and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multifunction tablets; AirPods Max, wireless over-ear headphones; and wearables, home and accessories, including AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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