Caitlin John LLC Buys 4,726 Shares of Apple Inc. $AAPL

Key Points

• Caitlin John LLC increased its holdings in Apple Inc. by 192.0% in the second quarter, acquiring an additional 4,726 shares to reach a total of 7,187 shares, valued at approximately $1,475,000.
• Wall Street analysts have boosted their price targets for Apple, with JPMorgan raising its target from $255.00 to $280.00 and several other firms also raising their targets, reflecting strong optimism about the company's performance.
• Apple recently announced a quarterly dividend of $0.26 per share, with an annualized dividend yield of 0.4%, and a reported revenue of $94.04 billion for the last quarter, exceeding analysts' expectations.

Caitlin John LLC raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 192.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,187 shares of the iPhone maker's stock after acquiring an additional 4,726 shares during the quarter. Apple makes up 1.3% of Caitlin John LLC's investment portfolio, making the stock its 20th largest position. Caitlin John LLC's holdings in Apple were worth $1,475,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AAPL. Advanced Portfolio Management LLC boosted its holdings in shares of Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock valued at $3,260,000 after buying an additional 47 shares in the last quarter. Salus Financial Advisors LLC grew its holdings in Apple by 3.9% in the first 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 period. Sharpepoint LLC increased its stake in shares of Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock valued at $322,000 after purchasing an additional 51 shares in the last quarter. Redwood Financial Network Corp increased its stake in shares of Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock valued at $2,184,000 after purchasing an additional 53 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC lifted its holdings in shares of Apple by 1.3% during the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock valued at $892,000 after purchasing an additional 53 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Apple from $255.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, September 19th. Monness Crespi & Hardt upped their price target on shares of Apple from $245.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Wedbush set a $310.00 price objective on shares of Apple and gave the company an "outperform" rating in a research note on Monday, September 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $240.00 target price (up previously from $230.00) on shares of Apple in a research note on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $266.00 price target on shares of Apple in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $247.51.

Insiders Place Their Bets

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 shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by insiders.

Apple Stock Up 0.7%

AAPL opened at $257.13 on Friday. The stock has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. 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 firm's fifty day moving average is $232.20 and its 200 day moving average is $214.38. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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 net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the previous year, the firm posted $1.40 EPS. Apple's revenue for the quarter was up 9.6% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio is 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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