Apple Inc. (NASDAQ:AAPL) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp grew its position in Apple Inc. (NASDAQ:AAPL) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,107 shares of the iPhone maker’s stock after purchasing an additional 818 shares during the period. Alaska Permanent Fund Corp’s holdings in Apple were worth $4,477,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAPL. Conservest Capital Advisors Inc. lifted its position in shares of Apple by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares in the last quarter. Flagstone Financial Management lifted its position in Apple by 0.9% during the fourth quarter. Flagstone Financial Management now owns 6,092 shares of the iPhone maker’s stock worth $1,173,000 after buying an additional 56 shares in the last quarter. High Pines Wealth Management LLC lifted its position in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares in the last quarter. Asset Planning Corporation lifted its position in Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares in the last quarter. Finally, Columbus Macro LLC lifted its position in Apple by 0.5% during the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of Apple stock in a transaction dated Thursday, May 30th. The stock was 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 of the company’s stock, valued at approximately $835,207,570.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The disclosure for this sale can be found here. Insiders sold 346,270 shares of company stock valued at $60,880,196 in the last ninety days. Insiders own 0.06% of the company’s stock.

Apple Stock Down 1.0 %

Shares of NASDAQ AAPL opened at $207.49 on Friday. The company has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 32.27, a price-to-earnings-growth ratio of 2.61 and a beta of 1.25. 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 business has a 50-day moving average of $187.87 and a two-hundred day moving average of $184.87. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $220.20.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping 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%. Apple’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts forecast that Apple Inc. will post 6.58 earnings per share for the current fiscal year.

Apple announced that its board has authorized a stock buyback plan on Thursday, May 2nd that permits the company to repurchase $110.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s payout ratio is 15.55%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Apple in a research report on Tuesday, June 11th. Sanford C. Bernstein lifted their price objective on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on Apple from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $162.00 to $188.00 in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.38.

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.