Apple Inc. $AAPL Shares Bought by Three Seasons Wealth LLC

Key Points

• Three Seasons Wealth LLC significantly increased its stake in Apple Inc. by 3,462.1%, acquiring a total of 492,999 shares valued at approximately $101.1 million.
• Analysts have mixed ratings for Apple, with a consensus rating of "Moderate Buy" and an average target price of $245.66.
• Apple reported a 9.6% year-over-year revenue increase to $94.04 billion in its latest quarterly earnings, exceeding analysts' expectations.

Three Seasons Wealth LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3,462.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 492,999 shares of the iPhone maker's stock after acquiring an additional 479,159 shares during the quarter. Apple comprises 11.6% of Three Seasons Wealth LLC's investment portfolio, making the stock its 3rd biggest holding. Three Seasons Wealth LLC's holdings in Apple were worth $101,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. acquired a new stake in Apple during the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the period. Life Planning Partners Inc acquired a new stake in Apple during the 4th quarter worth approximately $47,000. Elite Financial Inc. acquired a new stake in shares of Apple in the 1st quarter valued at approximately $58,000. Finally, Conquis Financial LLC acquired a new stake in shares of Apple in the 4th quarter valued at approximately $63,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America raised their price target on Apple from $260.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Loop Capital reduced their price target on Apple from $230.00 to $226.00 and set a "hold" rating for the company in a report on Thursday, August 21st. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Friday, July 25th. Moffett Nathanson raised Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target for the company in a report on Thursday, September 4th. Finally, HSBC set a $220.00 price target on Apple and gave the company a "hold" rating in a report on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $245.66.

Insider Activity at Apple

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $255.46 on Friday. The stock has a 50-day moving average price of $228.87 and a two-hundred day moving average price of $213.20. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.79 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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 return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's payout ratio is currently 15.78%.

Apple 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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