Waldron LP Raises Stake in Apple Inc. (NASDAQ:AAPL)

Waldron LP raised its stake in Apple Inc. (NASDAQ:AAPL) by 37.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,930 shares of the iPhone maker’s stock after buying an additional 12,898 shares during the period. Apple accounts for approximately 1.0% of Waldron LP’s portfolio, making the stock its 12th largest position. Waldron LP’s holdings in Apple were worth $6,722,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pinnacle Bank purchased a new position in shares of Apple during the first quarter valued at about $1,924,000. Fairview Capital Investment Management LLC raised its position in shares of Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock valued at $1,561,000 after buying an additional 350 shares during the last quarter. Norges Bank purchased a new position in shares of Apple during the fourth quarter valued at about $5,625,709,000. Perigon Wealth Management LLC raised its position in shares of Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock valued at $20,613,000 after buying an additional 8,233 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in shares of Apple during the fourth quarter valued at about $7,910,000. 61.50% of the stock is owned by institutional investors and hedge funds.

Apple Inc. (NASDAQ AAPL) traded down 0.40% during mid-day trading on Wednesday, hitting $160.95. 27,671,612 shares of the stock traded hands. Apple Inc. has a 12 month low of $102.53 and a 12 month high of $162.51. The stock has a 50-day moving average price of $151.25 and a 200-day moving average price of $145.28. The stock has a market cap of $831.34 billion, a P/E ratio of 18.27 and a beta of 1.31.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period in the prior year, the business posted $1.42 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Apple Inc. will post $9.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be issued a $0.63 dividend. The ex-dividend date is Thursday, August 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.57%. Apple’s dividend payout ratio is currently 28.64%.

Apple announced that its board has initiated a share buyback program on Tuesday, May 2nd that allows the company to buyback $50.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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Several research analysts have issued reports on AAPL shares. Oppenheimer Holdings, Inc. reiterated a “” rating on shares of Apple in a report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $150.00 price target on shares of Apple in a report on Tuesday, April 18th. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price target on shares of Apple in a report on Tuesday, May 2nd. Guggenheim reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Wednesday, April 19th. Finally, Macquarie set a $160.00 price target on Apple and gave the stock a “buy” rating in a report on Wednesday, April 19th. Twelve research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $167.33.

In other news, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the transaction, the director now directly owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Eduardo H. Cue sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $153.78, for a total transaction of $6,920,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 287,962 shares of company stock worth $44,702,313. Company insiders own 0.08% of the company’s stock.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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