Apple said on February 2, 2023 that its board of directors declared a regular
quarterly dividend of $0.23 per share ($0.92 annualized).
Shareholders of record as of February 10, 2023
will receive the payment on February 16, 2023.
Previously, the company paid $0.17 per share.
At the current share price of $154.50 / share,
the stock’s dividend yield is 0.60%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.01%,
the lowest has been 0.48%,
and the highest has been 1.99%.
The standard deviation of yields is 0.43 (n=236).
The current dividend yield is
0.97 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.15.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.19%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 13.99% Upside
As of February 4, 2023,
the average one-year price target for Apple is $176.12.
The forecasts range from a low of $123.22 to a high of $224.70.
The average price target represents an increase of 13.99% from its latest reported closing price of $154.50.
The projected annual revenue for Apple
is $413,641MM, an increase of 4.90%.
The projected annual EPS
is $6.36, an increase of 3.42%.
Fund Sentiment
There are 6229 funds or institutions reporting positions in Apple.
This is an increase
of
76
owner(s) or 1.24%.
Average portfolio weight of all funds dedicated to US:AAPL is 3.6925%,
a decrease
of 2.1095%.
Total shares owned by institutions increased
in the last three months by 0.42% to 10,120,804K shares.
What are large shareholders doing?
Berkshire Hathaway
holds 894,802,319 shares
representing 5.65% ownership of the company.
No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 455,109,365 shares
representing 2.87% ownership of the company.
In it’s prior filing, the firm reported owning 452,796,750 shares, representing
an increase
of 0.51%.
The firm
increased
its portfolio allocation in AAPL by 5.91% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares
holds 342,453,760 shares
representing 2.16% ownership of the company.
In it’s prior filing, the firm reported owning 340,333,473 shares, representing
an increase
of 0.62%.
The firm
increased
its portfolio allocation in AAPL by 5.18% over the last quarter.
Geode Capital Management
holds 279,758,518 shares
representing 1.77% ownership of the company.
In it’s prior filing, the firm reported owning 278,256,192 shares, representing
an increase
of 0.54%.
The firm
increased
its portfolio allocation in AAPL by 5.31% over the last quarter.
Price T Rowe Associates
holds 224,863,541 shares
representing 1.42% ownership of the company.
In it’s prior filing, the firm reported owning 237,910,783 shares, representing
a decrease
of 5.80%.
The firm
increased
its portfolio allocation in AAPL by 24.45% over the last quarter.
Apple Background Information
(This description is provided by the company.)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. It is considered one of the Big Five companies in the U.S. information technology industry, along with Amazon, Google, Microsoft, and Facebook. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, the AirPods wireless earbuds, the AirPods Max headphones, and the HomePod smart speaker line. Apple’s software includes iOS, iPadOS, macOS, watchOS, and tvOS operating systems, the iTunes media player, the Safari web browser, the Shazam music identifier, and the iLife and iWork creativity and productivity suites, as well as professional applications like Final Cut Pro X, Logic Pro, and Xcode. Its online services include the iTunes Store, the iOS App Store, Mac App Store, Apple Arcade, Apple Music, Apple TV+, iMessage, and iCloud. Other services include Apple Store, Genius Bar, AppleCare, Apple Pay, Apple Pay Cash, and Apple Card. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976 to develop and sell Wozniak’s Apple I personal computer, though Wayne sold his share back within 12 days. It was incorporated as Apple Computer, Inc., in January 1977, and sales of its computers, including the Apple I and Apple II, grew quickly.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
