Unison Advisors LLC Buys 1,807 Shares of Apple Inc. (NASDAQ:AAPL)

Unison Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 80.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,045 shares of the iPhone maker’s stock after buying an additional 1,807 shares during the period. Unison Advisors LLC’s holdings in Apple were worth $694,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new stake in Apple in the fourth quarter worth approximately $39,000. Gilfoyle & Co LLC grew its position in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in shares of Apple in the 4th quarter worth approximately $85,000. 60.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Sanford C. Bernstein lifted their target price on shares of Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Evercore ISI increased their target price on Apple from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Itau BBA Securities raised Apple from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $162.00 to $188.00 in a research note on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Apple in a research note on Tuesday, June 11th. Finally, Rosenblatt Securities raised shares of Apple from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $196.00 to $260.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $215.71.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 346,270 shares of company stock worth $60,880,196. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 1.6 %

NASDAQ:AAPL opened at $210.62 on Friday. The firm has a 50-day simple moving average of $192.13 and a two-hundred day simple moving average of $185.40. The firm has a market cap of $3.23 trillion, a P/E ratio of 32.76, a P/E/G ratio of 2.60 and a beta of 1.25. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $220.20. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share 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 during the quarter, compared to analyst estimates of $90.37 billion. During the same period in the previous year, the business earned $1.52 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts predict that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that permits the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

About Apple

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.