Apple Inc. (AAPL) Shares Bought by Sippican Capital Advisors

Sippican Capital Advisors boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,912 shares of the iPhone maker’s stock after buying an additional 26 shares during the period. Sippican Capital Advisors’ holdings in Apple were worth $706,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Glacier Peak Capital LLC bought a new position in Apple during the fourth quarter valued at $127,000. Welch Investments LLC bought a new position in Apple during the fourth quarter valued at $146,000. Odey Holdings AG boosted its position in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares in the last quarter. Portfolio Solutions LLC bought a new position in Apple during the first quarter valued at $169,000. Finally, Fox Run Management L.L.C. bought a new position in Apple during the first quarter valued at $201,000. Institutional investors and hedge funds own 61.13% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) traded up 1.55% on Monday, hitting $158.81. 21,870,321 shares of the stock were exchanged. The stock’s 50 day moving average price is $147.04 and its 200 day moving average price is $142.60. The firm has a market cap of $821.01 billion, a PE ratio of 18.03 and a beta of 1.31. Apple Inc. has a 52-week low of $102.53 and a 52-week high of $158.92.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS. Equities research analysts forecast that Apple Inc. will post $9.00 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Thursday, August 10th. Apple’s payout ratio is 28.64%.

Apple declared that its board has authorized a stock repurchase plan on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Several research analysts have weighed in on AAPL shares. Guggenheim reissued a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Wednesday, April 19th. Macquarie set a $160.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $150.00 target price on shares of Apple in a report on Tuesday, April 18th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $161.00 target price on the stock in a report on Tuesday, April 11th. Finally, UBS AG reaffirmed a “buy” rating and set a $151.00 target price on shares of Apple in a report on Monday, April 24th. Twelve equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average price target of $167.57.

In related news, insider Luca Maestri sold 4,757 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the sale, the insider now directly owns 3,414 shares of the company’s stock, valued at approximately $528,145.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $153.20, for a total value of $1,532,000.00. Following the sale, the senior vice president now directly owns 96,738 shares of the company’s stock, valued at $14,820,261.60. The disclosure for this sale can be found here. Insiders have sold a total of 230,500 shares of company stock valued at $35,357,246 over the last three months. Corporate insiders own 0.08% of the company’s stock.

Apple Company Profile

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.