Apple Inc. $AAPL is Crew Capital Management Ltd.'s 4th Largest Position

Crew Capital Management Ltd. increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,399 shares of the iPhone maker's stock after purchasing an additional 1,976 shares during the period. Apple makes up 4.3% of Crew Capital Management Ltd.'s portfolio, making the stock its 4th largest holding. Crew Capital Management Ltd.'s holdings in Apple were worth $6,032,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAPL. Kingstone Capital Partners Texas LLC boosted its stake in shares of Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the period. Norges Bank purchased a new stake in Apple in the 4th quarter valued at about $46,868,648,000. Nuveen LLC purchased a new stake in Apple in the 1st quarter valued at about $17,472,482,000. GAMMA Investing LLC boosted its position in Apple by 25,934.1% in the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock valued at $133,425,490,000 after buying an additional 59,835,676 shares during the period. Finally, Northern Trust Corp boosted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Up 0.3%

Shares of Apple stock opened at $258.02 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The firm has a market capitalization of $3.83 trillion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.49 and a beta of 1.09. The firm's 50 day simple moving average is $233.09 and its two-hundred day simple moving average is $214.69.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same quarter in the prior year, the business posted $1.40 EPS. Apple's revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio is presently 15.78%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 47,125 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,922 shares of company stock worth $64,320,190. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued an "underperform" rating and issued a $205.16 price objective (down from $205.82) on shares of Apple in a research report on Friday. Morgan Stanley set a $298.00 price objective on shares of Apple and gave the company an "overweight" rating in a research report on Thursday. BMO Capital Markets reissued a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $255.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Finally, Melius Research set a $290.00 price target on shares of Apple and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $247.49.

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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