Bulwark Capital Corp Takes $501,000 Position in Apple Inc. $AAPL

Key Points

• Bulwark Capital Corp invested approximately $501,000 in Apple Inc. by acquiring 2,443 shares during the second quarter.
• Recent activity from institutional investors includes Norges Bank acquiring a position worth about $46.87 billion, while GAMMA Investing LLC increased its stake significantly by 25,934.1%.
• The stock of Apple Inc. currently trades at around $245.50 per share, with a market cap of $3.64 trillion and a consensus target price of $242.74 among analysts.

Bulwark Capital Corp bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,443 shares of the iPhone maker's stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Norges Bank acquired a new position in Apple in the fourth quarter valued at about $46,868,648,000. Nuveen LLC acquired a new position in shares of Apple during the first quarter worth approximately $17,472,482,000. GAMMA Investing LLC lifted its position in shares of Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president directly owned 136,687 shares of the company's stock, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AAPL shares. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a research report on Wednesday, August 13th. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research report on Friday, July 25th. Rosenblatt Securities upped their target price on shares of Apple from $223.00 to $241.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Morgan Stanley set a $240.00 target price on shares of Apple and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Finally, Loop Capital dropped their price target on shares of Apple from $230.00 to $226.00 and set a "hold" rating for the company in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $242.74.

Apple Stock Performance

Shares of AAPL stock opened at $245.50 on Monday. The stock has a market cap of $3.64 trillion, a P/E ratio of 37.25, a P/E/G ratio of 2.55 and a beta of 1.11. 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 company has a fifty day moving average price of $224.35 and a two-hundred day moving average price of $212.10. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate 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 company's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

About Apple

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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