Apple Inc. $AAPL Stock Position Boosted by True North Advisors LLC

True North Advisors LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,353 shares of the iPhone maker's stock after acquiring an additional 2,094 shares during the period. Apple accounts for 4.3% of True North Advisors LLC's holdings, making the stock its 3rd biggest position. True North Advisors LLC's holdings in Apple were worth $24,068,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Advanced Portfolio Management LLC lifted its stake in shares of Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC increased its position in shares of Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Disciplined Investments LLC raised its holdings in Apple by 0.7% in the 4th quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock valued at $1,794,000 after buying an additional 51 shares during the period. Sharpepoint LLC lifted its position in Apple by 3.5% in the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after buying an additional 51 shares during the last quarter. Finally, Redwood Financial Network Corp lifted its position in Apple by 0.6% in the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock valued at $2,184,000 after buying an additional 53 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Up 1.4%

Shares of NASDAQ:AAPL traded up $3.09 during trading on Thursday, hitting $229.88. The company's stock had a trading volume of 27,882,558 shares, compared to its average volume of 56,750,219. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a 50 day moving average price of $220.75 and a two-hundred day moving average price of $212.60. 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 company has a market capitalization of $3.41 trillion, a PE ratio of 34.86, a P/E/G ratio of 2.45 and a beta of 1.11.

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, 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 analyst estimates of $88.64 billion. During the same period last year, the business posted $1.40 earnings per share. Apple's revenue was up 9.6% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Apple's payout ratio is currently 15.78%.

Insider Buying and Selling at Apple

In related 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 sale, the senior vice president owned 136,687 shares of the company's stock, 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 through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Monness Crespi & Hardt lifted their price target on shares of Apple from $245.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday. Bank of America lifted their target price on shares of Apple from $260.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday. Loop Capital decreased their price target on Apple from $230.00 to $226.00 and set a "hold" rating on the stock in a research note on Thursday, August 21st. Finally, BMO Capital Markets restated a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $240.80.

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.