O ROURKE & COMPANY Inc lifted its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 58.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,628 shares of the iPhone maker's stock after acquiring an additional 29,715 shares during the quarter. Apple comprises about 7.7% of O ROURKE & COMPANY Inc's investment portfolio, making the stock its biggest holding. O ROURKE & COMPANY Inc's holdings in Apple were worth $16,542,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in AAPL. Ryan Investment Management Inc. acquired a new position in Apple in the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC boosted its stake in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the period. Elite Financial Inc. acquired a new position in Apple in the 1st quarter worth approximately $58,000. LSV Asset Management acquired a new position in Apple in the 4th quarter worth approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple in the 1st quarter worth approximately $99,000. Institutional investors and hedge funds own 67.73% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of Apple from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. DA Davidson reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 11th. Citigroup reaffirmed a "buy" rating on shares of Apple in a research note on Wednesday, September 10th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Finally, Barclays lifted their target price on shares of Apple from $173.00 to $180.00 and gave the company an "underweight" rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.29.
View Our Latest Stock Report on AAPL
Insider Buying and Selling at Apple
In other news, SVP Deirdre O'brien sold 43,013 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 47,125 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president owned 179,158 shares in the company, valued at $46,005,982.82. This represents a 20.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 over the last quarter. Company insiders own 0.06% of the company's stock.
Apple Trading Up 2.0%
Shares of NASDAQ:AAPL opened at $252.29 on Monday. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 2.46 and a beta of 1.09. The firm has a fifty day moving average of $241.13 and a two-hundred day moving average of $216.91. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 EPS. On average, equities analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 15.78%.
Apple Profile
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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.
Further Reading

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