Apple Inc. $AAPL is Victrix Investment Advisors' 7th Largest Position

Key Points

• Victrix Investment Advisors increased its stake in Apple Inc. by 2.9%, now holding 38,422 shares valued at approximately $7.88 million, making it the 7th largest position in their portfolio.
• In the latest trading activities, CEO Timothy D. Cook sold 129,963 shares and CFO Kevan Parekh sold 4,199 shares, indicating a significant decrease in their ownership percentages.
• Wall Street analysts have mixed forecasts for Apple's stock; the consensus rating is "Moderate Buy" with a price target of $248.29, but some analysts have set prices as high as $290.00.

Victrix Investment Advisors boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,422 shares of the iPhone maker's stock after acquiring an additional 1,097 shares during the period. Apple accounts for approximately 3.5% of Victrix Investment Advisors' investment portfolio, making the stock its 7th biggest position. Victrix Investment Advisors' holdings in Apple were worth $7,883,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AAPL. Ryan Investment Management Inc. purchased a new stake in Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC grew its stake in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Elite Financial Inc. purchased a new stake in Apple during the 1st quarter valued at about $58,000. LSV Asset Management purchased a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC purchased a new stake in shares of Apple in the 1st quarter valued at approximately $99,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,199 shares of the firm's stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. This trade represents a 32.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 3,280,295 shares in the company, valued at $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,121 shares of company stock valued at $65,358,981 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Apple in a research note on Monday, September 15th. They issued an "outperform" rating and a $290.00 price target for the company. Moffett Nathanson raised shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target for the company in a research note on Thursday, September 4th. Phillip Securities cut shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price target for the company. in a research note on Thursday, September 11th. Melius Research set a $290.00 price target on shares of Apple and gave the company a "buy" rating in a research note on Wednesday, September 10th. Finally, DA Davidson reissued a "neutral" rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.29.

Apple Stock Performance

Shares of AAPL stock opened at $252.29 on Monday. The firm's 50 day moving average price is $241.13 and its 200-day moving average price is $216.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.28, a P/E/G ratio of 2.46 and a beta of 1.09.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued 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 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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