Apple Inc. (NASDAQ:AAPL) Shares Acquired by Omega Financial Group LLC

Omega Financial Group LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,741 shares of the iPhone maker’s stock after purchasing an additional 232 shares during the quarter. Omega Financial Group LLC’s holdings in Apple were worth $1,327,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Yeomans Consulting Group Inc. acquired a new stake in shares of Apple in the fourth quarter worth $1,713,000. Raleigh Capital Management Inc. increased its stake in shares of Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after acquiring an additional 1,643 shares during the period. Headinvest LLC increased its stake in shares of Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after acquiring an additional 872 shares during the period. GLOBALT Investments LLC GA acquired a new stake in shares of Apple in the fourth quarter worth $38,406,000. Finally, Barden Capital Management Inc. increased its stake in shares of Apple by 132.8% in the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after acquiring an additional 18,615 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $227.57 on Friday. 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’s 50-day moving average is $202.05 and its two-hundred day moving average is $187.27. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $233.08. The company has a market capitalization of $3.49 trillion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Apple’s quarterly revenue was down 4.3% compared to the same quarter last year. Analysts predict that Apple Inc. will post 6.59 earnings per share for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Apple declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAPL shares. JPMorgan Chase & Co. increased their price objective on shares of Apple from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 18th. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their price target for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Needham & Company LLC raised their price target on shares of Apple from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays restated an “underweight” rating and set a $164.00 price target on shares of Apple in a research report on Tuesday, June 11th. Finally, Bank of America restated a “buy” rating and set a $230.00 price target on shares of Apple in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $218.43.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares in the company, valued at $835,207,570.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apple news, insider Chris Kondo sold 4,999 shares of Apple stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the completion of the sale, the insider now directly owns 29,278 shares in the company, valued at $5,574,531.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the transaction, the director now owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

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.