CKW Financial Group Buys 103 Shares of Apple Inc. (NASDAQ:AAPL)

CKW Financial Group boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 15,697 shares of the iPhone maker’s stock after purchasing an additional 103 shares during the period. Apple accounts for about 0.3% of CKW Financial Group’s holdings, making the stock its 13th largest position. CKW Financial Group’s holdings in Apple were worth $2,669,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wyrmwood Management LLC increased its stake in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. A.P. Gilfoyle & Co. L.P. bought a new stake in Apple during the fourth quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. increased its stake in 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 during the last quarter. Finally, Clarity Asset Management Inc. bought a new stake in Apple during the fourth quarter worth approximately $85,000. 60.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAPL shares. Barclays reaffirmed an “underweight” rating and set a $158.00 target price on shares of Apple in a research note on Tuesday, April 23rd. DZ Bank reaffirmed a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. Citigroup reaffirmed a “buy” rating and set a $225.00 target price on shares of Apple in a research note on Friday, February 16th. The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, UBS Group reaffirmed a “hold” rating and set a $190.00 target price on shares of Apple in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Stock Down 0.3 %

Shares of AAPL traded down $0.59 during midday trading on Friday, hitting $169.30. 44,717,137 shares of the company’s stock traded hands, compared to its average volume of 53,363,952. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The firm’s fifty day moving average is $173.04 and its 200-day moving average is $181.83. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is presently 14.95%.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.

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.