Anderson Hoagland & Co. Has $25.88 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Anderson Hoagland & Co. trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,246 shares of the iPhone maker’s stock after selling 1,346 shares during the quarter. Apple comprises approximately 2.9% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 8th biggest position. Anderson Hoagland & Co.’s holdings in Apple were worth $25,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Norges Bank bought a new stake in shares of Apple in the fourth quarter valued at about $33,912,466,000. International Assets Investment Management LLC boosted its position in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after acquiring an additional 70,212,651 shares during the period. Vanguard Group Inc. boosted its position in shares of Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after acquiring an additional 18,067,216 shares during the period. Cerity Partners LLC boosted its position in shares of Apple by 130.1% in the fourth 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 period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Apple in the fourth quarter valued at about $560,388,000. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Shares of Apple stock opened at $214.10 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $220.20. The business’s fifty day moving average price is $190.27 and its 200 day moving average price is $185.14. The stock has a market capitalization of $3.28 trillion, a P/E ratio of 33.30, a PEG ratio of 2.54 and a beta of 1.25.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. During the same period in the previous year, the business posted $1.52 EPS. Apple’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 6.58 earnings per share for the current year.

Apple announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

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

Insider Activity

In other news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 346,270 shares of company stock worth $60,880,196 over the last 90 days. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. DZ Bank reissued a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. Evercore ISI boosted their price target on Apple from $220.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays restated an “underweight” rating and set a $164.00 price target on shares of Apple in a report on Tuesday, June 11th. Bank of America reiterated a “buy” rating and issued a $230.00 target price on shares of Apple in a report on Wednesday. Finally, Wedbush upped their target price on Apple from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $214.29.

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.