Apple Inc. (NASDAQ:AAPL) Shares Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 4,793.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,362 shares of the iPhone maker’s stock after purchasing an additional 6,232 shares during the period. Apple makes up approximately 1.9% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 11th largest holding. Hanseatic Management Services Inc.’s holdings in Apple were worth $1,111,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AAPL. Elk River Wealth Management LLC increased its stake in Apple by 49.0% in the 1st quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after purchasing an additional 54,989 shares in the last quarter. Piscataqua Savings Bank boosted its position in Apple by 1.5% during the 1st quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after acquiring an additional 684 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Apple during the 1st quarter worth about $171,000. Fountainhead AM LLC boosted its position in Apple by 11.6% during the 4th quarter. Fountainhead AM LLC now owns 45,544 shares of the iPhone maker’s stock worth $7,732,000 after acquiring an additional 4,738 shares during the period. Finally, Primoris Wealth Advisors LLC acquired a new stake in Apple during the 4th quarter worth about $4,282,000. 57.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $165.35 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The firm has a market cap of $2.66 trillion, a P/E ratio of 27.29, a P/E/G ratio of 2.14 and a beta of 1.23. The business’s fifty day moving average is $146.34 and its two-hundred day moving average is $157.01. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple declared that its board has approved a stock 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 usually a sign that the company’s management believes its shares are undervalued.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Apple’s payout ratio is 15.18%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AAPL shares. Itaú Unibanco started coverage on Apple in a research report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective for the company. JPMorgan Chase & Co. set a $200.00 price target on Apple in a report on Monday, July 25th. Fundamental Research set a $177.07 price target on Apple and gave the company a “buy” rating in a report on Thursday. Evercore ISI raised their price objective on Apple from $180.00 to $185.00 in a research note on Friday, July 29th. Finally, Morgan Stanley cut their price objective on Apple from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.27.

Apple Profile

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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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