Apple Inc. (NASDAQ:AAPL) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 504,706 shares of the iPhone maker’s stock after purchasing an additional 14,869 shares during the quarter. Apple comprises about 5.3% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 2nd biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Apple were worth $97,171,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AAPL. Bailard Inc. lifted its stake in shares of Apple by 2.2% in the 3rd quarter. Bailard Inc. now owns 901,105 shares of the iPhone maker’s stock valued at $154,278,000 after purchasing an additional 19,724 shares in the last quarter. Aspire Capital Advisors LLC increased its position in shares of Apple by 30.4% in the third quarter. Aspire Capital Advisors LLC now owns 18,342 shares of the iPhone maker’s stock worth $3,140,000 after acquiring an additional 4,279 shares in the last quarter. Horst & Graben Wealth Management LLC raised its stake in shares of Apple by 6.8% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 42,672 shares of the iPhone maker’s stock valued at $7,306,000 after acquiring an additional 2,719 shares during the period. Baker Ellis Asset Management LLC lifted its holdings in shares of Apple by 3.0% during the 3rd quarter. Baker Ellis Asset Management LLC now owns 47,494 shares of the iPhone maker’s stock valued at $8,132,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Bouchey Financial Group Ltd boosted its position in Apple by 0.5% during the 3rd quarter. Bouchey Financial Group Ltd now owns 266,556 shares of the iPhone maker’s stock worth $45,637,000 after purchasing an additional 1,235 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 1.7 %

NASDAQ:AAPL opened at $189.98 on Friday. The business’s fifty day moving average price is $175.89 and its 200 day moving average price is $183.04. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62. The firm has a market capitalization of $2.91 trillion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.28 and a beta of 1.26. 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 (NASDAQ:AAPL) last issued its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 6.57 earnings per share for the current fiscal year.

Apple declared that its board has approved a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The firm 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 was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,999 shares of Apple stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the completion of the transaction, the insider now directly owns 29,278 shares in the company, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 371,270 shares of company stock valued at $64,605,696. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AAPL. Citigroup reduced their price objective on Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Loop Capital decreased their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Bank of America increased their price objective on shares of Apple from $225.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Wedbush boosted their target price on shares of Apple from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays increased their price target on shares of Apple from $158.00 to $164.00 and gave the stock an “underweight” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $205.44.

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.