Haverford Financial Services Inc. Holds $26.28 Million in Apple Inc. (NASDAQ:AAPL)


Haverford Financial Services Inc. reduced its position in Apple Inc. (NASDAQ:AAPL – Get Rating) stock by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). . The company owned 150,483 shares of the iPhone maker after selling 17,351 shares during the period. Apple accounts for 6.5% of Haverford Financial Services Inc.’s portfolio, making the stock its largest holding. Haverford Financial Services Inc.’s shares in Apple were worth $26,276,000 at the end of the last reporting period.

Other hedge funds have also been buying and selling shares in the company recently. Joseph Group Capital Management acquired a new position in Apple stock valued at approximately $1,631,000 during the fourth quarter. Cardinal Capital Management Inc. increased its position in Apple shares by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker, valued at $39,000, after buying another 221 shares last quarter. Shore Point Advisors LLC acquired a new position in Apple stock worth approximately $41,000 during the fourth quarter. St. James Investment Advisors LLC acquired a new position in Apple stock worth approximately $57,000 during the fourth quarter. Finally, Emerson Wealth LLC increased its position in Apple by 363.6% in the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker, valued at $71,000, after buying another 320 shares last quarter. 57.62% of the shares are currently held by institutional investors.

Insider buying and selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3. The shares were sold at an average price of $164.77 for a total transaction of $4,119,250.00. Following the sale, the senior vice president now directly owns 427,334 shares of the company, valued at $70,411,823.18. The sale was disclosed in a filing with the SEC, available at this hyperlink. 0.06% of the shares are currently owned by company insiders.

Apple trade up 0.6%

Shares of the NASDAQ AAPL opened at $173.19 on Tuesday. The company’s 50-day moving average is $148.80 and its 200-day moving average is $157.29. The stock has a market cap of $2.78 trillion, a price-to-earnings ratio of 28.58, a price-to-earnings ratio of 2.23, and a beta of 1.23. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt to equity ratio of 1.63.

Apple (NASDAQ:AAPL – Get Rating) last reported its earnings results on Thursday, July 28th. The iPhone maker reported earnings per share of $1.20 for the quarter, beating analyst consensus estimates of $1.14 by $0.06. The company had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company’s quarterly revenue increased 1.9% compared to the same quarter last year. For the same period last year, the company posted earnings per share of $1.30. Equity analysts are predicting that Apple Inc. will post 6.1 EPS for the year to date.

Apple announced that its board of directors approved a share repurchase program on Thursday, April 28, authorizing the company to repurchase $90.00 billion of outstanding shares. This buyback authorization authorizes the iPhone maker to acquire up to 3.5% of its stock through open market purchases. Stock buyback programs are usually an indication that management believes their stock is undervalued.

Apple announces dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 11th. A dividend of $0.23 per share was paid to investors of record on Monday, August 8th. The ex-dividend date of this dividend was Friday August 5th. That equates to a dividend of $0.92 on an annualized basis and a dividend yield of 0.53%. Apple’s payout ratio is 15.18%.

Wall Street analyst ponders

Several research companies have recently issued reports on AAPL. Itaú Unibanco began reporting on Apple shares in a research report on Tuesday, July 26. They gave the company an underperform rating and a price target of $136.00. Barclays lowered its target price on Apple shares to $166.00 from $167.00 and rated the company as “equal weight” in a research report on Wednesday, July 13. Piper Sandler lowered it on Friday, August 29. Fundamental Research have set a price target of $177.07 for shares of Apple and rated the stock as a “buy” in a research report on Thursday, August 4th. Finally, on Monday, July 25th, JPMorgan Chase & Co. set a price target of $200.00 for Apple shares in a research report. Two analysts have rated the stock with a sell rating, eight with a hold rating, twenty three with a buy rating and one with a strong buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $179.27.

Apple profile

(received rating)

Apple Inc designs, manufactures, and sells smartphones, PCs, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers the iPhone, a line of smartphones; Mac, a series of personal computers; iPad, a line of multipurpose tablets; AirPods Max, wireless over-ear headphones; and wearables, home and accessories including AirPods, Apple TV, Apple Watch, Beats products, HomePod and iPod touch.

See also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Apple Inc. (NASDAQ:AAPL – Get Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)



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