Apple Inc. (NASDAQ:AAPL) Stock Position Raised by Campbell Capital Management Inc.

Campbell Capital Management Inc. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,870 shares of the iPhone maker’s stock after buying an additional 1,435 shares during the quarter. Apple accounts for about 13.3% of Campbell Capital Management Inc.’s investment portfolio, making the stock its largest holding. Campbell Capital Management Inc.’s holdings in Apple were worth $30,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Apple in the fourth quarter valued at about $33,912,466,000. International Assets Investment Management LLC grew its position in shares of Apple by 14,395.4% in the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after acquiring an additional 70,212,651 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Apple by 130.1% in the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock valued at $1,815,594,000 after acquiring an additional 5,331,439 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Apple during the 4th quarter valued at approximately $560,388,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AAPL shares. Canaccord Genuity Group lifted their price objective on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Saturday, May 4th. Itau BBA Securities raised shares of Apple from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $162.00 to $188.00 in a research report on Friday, May 3rd. Bank of America reissued a “buy” rating and issued a $230.00 target price on shares of Apple in a report on Wednesday, June 12th. Maxim Group began coverage on Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price for the company. Finally, Loop Capital cut their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.06.

Apple Stock Down 1.1 %

AAPL stock opened at $214.29 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The firm has a market cap of $3.29 trillion, a PE ratio of 33.33, a P/E/G ratio of 2.64 and a beta of 1.25. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $220.20. The firm has a 50 day simple moving average of $186.55 and a 200 day simple moving average of $184.57.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.52 EPS. Equities research analysts forecast that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

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

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.55%.

About Apple

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.