As of the fourth quarter, Emfo LLC has increased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.6%. The company’s most recent 13F filing with the Securities and Exchange Commission (SEC) indicated that it had acquired an additional 656 shares, bringing its total to 40,803 shares of the tech giant’s stock. Based on the report, Apple comprises around 5.3% of Emfo LLC’s portfolio, making it their second largest position with a total worth of $5,302,000.
Furthermore, Apple recently disclosed a quarterly dividend that will be paid out on Thursday, May 18th. Investors who are listed on record as of Monday, May 15th will receive a $0.24 dividend payout per share. This stands for a yearly dividend payout worth $0.96 per share and represents a yield of 0.56%, which is an improvement from Apple’s previous payment of $0.23.
Interestingly enough, in spite of this positive news from investors’ perspective regarding increase in dividend payouts from the company over time; COO Jeffrey E. Williams sold roughly one hundred eighty-eight thousand shares at an average price range totaling $29M sometime in late March and still retains smaller groups for several million dollars.
Finally comes Luca Maestri who must have found $32k chump change by selling two hundred business shares back to Apple Inc just earlier this month in early April; only to retain larger stakes still worth millions.
The SEC disclosure reports have made public all insider transactions which allows any investor to track market movements; specifically beneficial when speaking about multi-billion dollar entities such as tech giant Apple Inc where every move counts towards some sort financial movement within the greater map.
In summary- despite insiders selling off large chunks since March ’23rd date & decrease of cash holdings recently while increasing operating expenses; revenue growth seems steady and gives many reasons for investors to continue investing and diversifying their portfolio holdings into enticing multinational brands such as Apple Inc.
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Institutional Investors Increase Stake in Apple as Company Beats Earnings Estimates and Increases Quarterly Dividend Payout
Apple (NASDAQ:AAPL) has been the subject of numerous research reports lately, with the consensus rating of “Moderate Buy” and a target price of $174.29 per share, according to Bloomberg.com. The tech giant’s earnings report on May 4th reported a quarterly revenue of $94.84 billion, beating estimates by $2 billion from Wall Street analysts.
The report showed that institutional investors increased their stake in Apple, with Great West Life Assurance Co., Barclays PLC, Vanguard Group Inc. and Swiss National Bank all adding significant positions in the company. AustralianSuper Pty Ltd also acquired a new position in shares of Apple.
AAPL opened at $172.07 on May 16th, with a market cap of $2.71 trillion and a PE ratio of 29.21. Its 1-year low is $124.17 and its 1-year high is $176.15.
In anticipation of future growth, Apple announced an increase in its quarterly dividend payout from $0.23 to $0.24 per share, representing an annualized dividend yield of 0.56%. The ex-dividend date was set for May 12th.
Sell-side analysts predict that Apple will post six earnings per share for the current fiscal year, with the stock receiving mostly positive ratings from research reports issued by investment firms such as Deutsche Bank Aktiengesellschaft and Robert W. Baird.
Overall, as institutional investors continue to add stakes in Apple and research reports remain mostly favorable – emphasizing it as a buy or overweight rated stock – there are encouraging signs for its future growth prospects despite concerns over saturation in smartphone sales.
