Apple Inc. (NASDAQ:AAPL) Shares Acquired by Cardinal Capital Management – Defense World
Posted by admin on Jul 18th, 2022
Cardinal Capital Management increased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 73,262 shares of the iPhone maker’s stock after purchasing an additional 1,172 shares during the period. Apple makes up approximately 2.6% of Cardinal Capital Management’s holdings, making the stock its 3rd largest position. Cardinal Capital Management’s holdings in Apple were worth $12,792,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Daniels&Tansey LLP raised its stake in shares of Apple by 1.6% in the 4th quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock valued at $685,000 after purchasing an additional 60 shares during the period. Donald L. Hagan LLC raised its stake in shares of Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after purchasing an additional 61 shares during the period. Hanlon Investment Management Inc. raised its stake in shares of Apple by 0.7% in the 4th quarter. Hanlon Investment Management Inc. now owns 10,124 shares of the iPhone maker’s stock valued at $1,798,000 after purchasing an additional 66 shares during the period. Investors Research Corp raised its stake in shares of Apple by 0.4% in the 1st quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after purchasing an additional 66 shares during the period. Finally, Financial Planning & Information Services Inc. raised its stake in shares of Apple by 1.0% in the 4th quarter. Financial Planning & Information Services Inc. now owns 6,837 shares of the iPhone maker’s stock valued at $1,214,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 57.98% of the company’s stock.
Several equities analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $190.00 price objective on shares of Apple in a report on Wednesday, June 8th. The Goldman Sachs Group decreased their price objective on Apple from $157.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, July 6th. KeyCorp decreased their price objective on Apple from $191.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Deutsche Bank Rese… set a $210.00 price objective on Apple in a report on Friday, April 8th. Finally, Piper Sandler decreased their price objective on Apple from $200.00 to $195.00 in a report on Friday, April 29th. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.49.
NASDAQ AAPL opened at $150.17 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.88 and a debt-to-equity ratio of 1.53. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94. The company has a 50 day moving average of $142.54 and a 200-day moving average of $158.69. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.95 and a beta of 1.19.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The iPhone maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.43 by $0.09. Apple had a net margin of 26.41% and a return on equity of 152.88%. The business had revenue of $97.28 billion during the quarter, compared to the consensus estimate of $93.99 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 6.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Shareholders of record on Monday, May 9th were given a dividend of $0.23 per share. This is an increase from Apple’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, May 6th. Apple’s payout ratio is currently 14.94%.
Apple declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 28th that permits the company to buyback $90.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the completion of the transaction, the senior vice president now directly owns 452,334 shares in the company, valued at $73,151,454.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.06% of the company’s stock.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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August 6, 2022 at 02:10AM