Arlington Partners LLC lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,640 shares of the iPhone maker's stock after buying an additional 3,512 shares during the quarter. Arlington Partners LLC's holdings in Apple were worth $4,440,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of AAPL. Kingstone Capital Partners Texas LLC grew its position 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 buying an additional 205,656,808 shares during the period. Norges Bank acquired a new stake in shares of Apple during the 4th quarter worth approximately $46,868,648,000. Nuveen LLC acquired a new stake in shares of Apple during the 1st quarter worth approximately $17,472,482,000. GAMMA Investing LLC grew its position in shares of Apple by 25,934.1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock worth $133,425,490,000 after buying an additional 59,835,676 shares during the period. Finally, Northern Trust Corp grew its position in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after buying an additional 20,079,472 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.
Insider Activity at Apple
In related news, SVP Katherine L. Adams sold 47,125 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the sale, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 129,963 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value 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. This represents a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,922 shares of company stock worth $64,320,190. Company insiders own 0.06% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Moffett Nathanson raised shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price objective for the company in a research report on Thursday, September 4th. Jefferies Financial Group reissued an "underperform" rating and issued a $205.16 price target (down previously from $205.82) on shares of Apple in a research report on Friday. Citigroup reissued a "buy" rating on shares of Apple in a research report on Wednesday, September 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Finally, Melius Research set a $290.00 price target on shares of Apple and gave the company a "buy" rating in a research report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $247.49.
View Our Latest Stock Analysis on AAPL
Apple Trading Up 0.3%
NASDAQ AAPL opened at $258.02 on Friday. The stock 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. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The business's fifty day moving average is $233.09 and its 200-day moving average is $214.69.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $94.04 billion for the quarter, compared to analysts' expectations of $88.64 billion. During the same period in the previous year, the business posted $1.40 EPS. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's payout ratio is currently 15.78%.
Apple Company Profile
(
Free Report)
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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