Investment House LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 269,733 shares of the iPhone maker’s stock after acquiring an additional 5,945 shares during the quarter. Apple makes up about 5.6% of Investment House LLC’s portfolio, making the stock its largest holding. Investment House LLC’s holdings in Apple were worth $53,386,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Eldridge Investment Advisors Inc. increased its stake in shares of Apple by 36.2% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 5,465 shares of the iPhone maker’s stock worth $862,000 after acquiring an additional 1,452 shares during the last quarter. Pflug Koory LLC increased its position in Apple by 4.0% during the fourth quarter. Pflug Koory LLC now owns 17,825 shares of the iPhone maker’s stock worth $2,812,000 after buying an additional 691 shares during the last quarter. Jentner Corp increased its position in Apple by 6.5% during the fourth quarter. Jentner Corp now owns 1,681 shares of the iPhone maker’s stock worth $265,000 after buying an additional 102 shares during the last quarter. Osborn Williams & Donohoe LLC increased its position in Apple by 0.5% during the fourth quarter. Osborn Williams & Donohoe LLC now owns 102,757 shares of the iPhone maker’s stock worth $16,209,000 after buying an additional 502 shares during the last quarter. Finally, Regal Wealth Group Inc. increased its position in Apple by 45.5% during the fourth quarter. Regal Wealth Group Inc. now owns 2,450 shares of the iPhone maker’s stock worth $387,000 after buying an additional 766 shares during the last quarter. Hedge funds and other institutional investors own 59.21% of the company’s stock.
Shares of NASDAQ AAPL traded up $4.57 during mid-day trading on Thursday, hitting $213.76. The company had a trading volume of 3,955,949 shares, compared to its average volume of 26,023,408. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The business’s 50-day simple moving average is $205.77 and its 200-day simple moving average is $194.96. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47. The firm has a market cap of $929.60 billion, a P/E ratio of 17.95, a PEG ratio of 1.71 and a beta of 1.24.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, August 9th. Apple’s payout ratio is presently 25.86%.
In related news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,376 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $217.47, for a total transaction of $951,648.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 304,536 shares of company stock valued at $62,894,611. 0.05% of the stock is owned by corporate insiders.
Several equities analysts have commented on AAPL shares. Raymond James raised shares of Apple from a “market perform” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Thursday, July 18th. Sanford C. Bernstein reissued a “neutral” rating and set a $205.00 target price on shares of Apple in a research report on Wednesday, July 31st. ValuEngine downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. DA Davidson increased their target price on shares of Apple to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group set a $235.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $217.25.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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