Apple Inc. $AAPL Holdings Increased by Turn8 Private Wealth Inc.

Turn8 Private Wealth Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,646 shares of the iPhone maker's stock after purchasing an additional 1,412 shares during the period. Apple comprises 2.9% of Turn8 Private Wealth Inc.'s holdings, making the stock its 6th biggest holding. Turn8 Private Wealth Inc.'s holdings in Apple were worth $3,698,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ROSS JOHNSON & Associates LLC raised its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Conquis Financial LLC purchased a new stake in Apple in the 4th quarter worth about $63,000. LSV Asset Management purchased a new stake in Apple in the 4th quarter worth about $65,000. Elite Financial Inc. purchased a new stake in Apple in the 1st quarter worth about $58,000. Finally, Pillar Financial Advisors LLC purchased a new stake in Apple in the 4th quarter worth about $82,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAPL shares. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price objective on the stock. in a research report on Thursday. Barclays upped their target price on shares of Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research note on Friday, August 1st. Citigroup restated a "buy" rating on shares of Apple in a research note on Wednesday. Rosenblatt Securities upped their target price on shares of Apple from $223.00 to $241.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, HSBC set a $220.00 target price on shares of Apple and gave the stock a "hold" rating in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.80.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Apple Price Performance

NASDAQ AAPL opened at $234.07 on Monday. The company has a market cap of $3.47 trillion, a PE ratio of 35.52, a P/E/G ratio of 2.43 and a beta of 1.11. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The firm's 50 day moving average price is $221.50 and its 200-day moving average price is $212.02.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio (DPR) is 15.78%.

Apple Company Profile

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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