9,428 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Lakeshore Capital Group Inc.

Lakeshore Capital Group Inc. acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,428 shares of the iPhone maker's stock, valued at approximately $2,361,000. Apple comprises 3.6% of Lakeshore Capital Group Inc.'s investment portfolio, making the stock its 6th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. Drystone LLC acquired a new position in Apple during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new stake in shares of Apple in the fourth quarter worth $47,000. Conquis Financial LLC bought a new stake in shares of Apple during the 4th quarter worth $63,000. LSV Asset Management acquired a new position in Apple in the 4th quarter valued at $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple in the 4th quarter worth $82,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Raymond James Financial cut their target price on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Tigress Financial lifted their price objective on Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, April 3rd. TD Cowen decreased their target price on Apple from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Evercore ISI raised their target price on Apple to $250.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $234.86.

Apple Price Performance

Shares of Apple stock traded up $4.42 during midday trading on Friday, hitting $201.00. 95,792,149 shares of the company were exchanged, compared to its average volume of 53,610,148. The firm has a 50 day simple moving average of $202.35 and a 200-day simple moving average of $221.56. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a market cap of $3.00 trillion, a P/E ratio of 31.31, a PEG ratio of 2.24 and a beta of 1.22. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same period last year, the business earned $1.53 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Apple's payout ratio is 16.20%.

Apple declared that its board has initiated a share buyback plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now directly owns 15,533 shares in the company, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by insiders.

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.