Apple Inc. (NASDAQ:AAPL) Shares Bought by Waycross Investment Management Co

Waycross Investment Management Co grew its position in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,692 shares of the iPhone maker’s stock after acquiring an additional 201 shares during the quarter. Apple comprises approximately 2.0% of Waycross Investment Management Co’s portfolio, making the stock its 13th biggest position. Waycross Investment Management Co’s holdings in Apple were worth $2,176,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wyrmwood Management LLC lifted its position 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. Gilfoyle & Co LLC raised its stake in shares of Apple by 118.0% during 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 last quarter. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple during the fourth quarter worth $39,000. University of Texas Texas AM Investment Managment Co. grew its position in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after buying an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new position in Apple in the 4th quarter valued at $85,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last quarter. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and raised their price objective for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Citigroup reiterated a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Friday, February 16th. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 target price on shares of Apple in a research note on Tuesday, March 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Trading Down 0.3 %

NASDAQ:AAPL traded down $0.59 on Friday, reaching $169.30. The stock had a trading volume of 44,717,137 shares, compared to its average volume of 53,363,952. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The company has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. The firm’s fifty day moving average is $173.04 and its two-hundred day moving average is $181.79. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Equities analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

Apple Company 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.