Apple Inc. $AAPL Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 963,918 shares of the iPhone maker’s stock after buying an additional 2,680 shares during the period. Apple comprises approximately 2.9% of Benjamin Edwards Inc.’s portfolio, making the stock its biggest holding. Benjamin Edwards Inc.’s holdings in Apple were worth $262,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Norges Bank bought a new stake in shares of Apple during the 2nd quarter worth approximately $38,942,255,000. Nuveen LLC bought a new position in Apple in the 1st quarter valued at approximately $17,472,482,000. Laurel Wealth Advisors LLC lifted its stake in Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares during the last quarter. Vanguard Group Inc. lifted its stake in Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAPL shares. Scotiabank set a $330.00 price objective on shares of Apple in a research note on Monday, February 2nd. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research note on Monday, March 2nd. Moffett Nathanson raised their price target on shares of Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $335.00 price target (up from $325.00) on shares of Apple in a research note on Friday, May 1st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $310.31.

View Our Latest Analysis on AAPL

More Apple News

Here are the key news stories impacting Apple this week:

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 97,759 shares of company stock valued at $24,964,305 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 1.8%

AAPL opened at $306.31 on Tuesday. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $315.00. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $276.58 and a 200-day moving average of $270.28. The stock has a market cap of $4.50 trillion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This is a positive change from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio is presently 13.06%.

About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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