Bowman & Co S.C. lifted its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.0% in the 1st quarter, Holdings Channel reports. The firm owned 29,689 shares of the iPhone maker’s stock after purchasing an additional 852 shares during the quarter. Apple accounts for approximately 3.2% of Bowman & Co S.C.’s portfolio, making the stock its 5th biggest position. Bowman & Co S.C.’s holdings in Apple were worth $6,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC raised its position in Apple by 0.9% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 111,858 shares of the iPhone maker’s stock worth $28,012,000 after acquiring an additional 1,050 shares during the last quarter. RMR Wealth Builders raised its position in Apple by 0.7% during the fourth quarter. RMR Wealth Builders now owns 119,262 shares of the iPhone maker’s stock worth $29,866,000 after acquiring an additional 786 shares during the last quarter. R.H. Investment Group LLC acquired a new position in Apple during the fourth quarter worth about $5,375,000. Richard P Slaughter Associates Inc raised its position in Apple by 2.3% during the fourth quarter. Richard P Slaughter Associates Inc now owns 23,123 shares of the iPhone maker’s stock worth $5,790,000 after acquiring an additional 530 shares during the last quarter. Finally, Covea Finance raised its position in Apple by 13.3% during the fourth quarter. Covea Finance now owns 535,442 shares of the iPhone maker’s stock worth $134,085,000 after acquiring an additional 62,960 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

In other news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the transaction, the insider now directly owns 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. Corporate insiders own 0.06% of the company’s stock.

Shares of AAPL stock opened at $201.00 on Friday. The stock has a market cap of $3.00 trillion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm’s 50 day moving average price is $202.52 and its two-hundred day moving average price is $220.53.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analysts’ expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. Apple’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 earnings per share. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its board has approved a share repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. This is a boost from Apple’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple’s payout ratio is 16.20%.

A number of equities analysts have issued reports on AAPL shares. KeyCorp upgraded shares of Apple from an “underweight” rating to a “sector weight” rating in a research report on Monday, April 14th. Tigress Financial lifted their price target on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. Rosenblatt Securities downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $217.00 price target for the company. in a report on Friday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, May 21st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Apple in a report on Friday, June 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $234.39.

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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.

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