Apple Inc. (NASDAQ:AAPL) Shares Bought by TruNorth Capital Management LLC

TruNorth Capital Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,074 shares of the iPhone maker’s stock after buying an additional 70 shares during the period. Apple comprises 0.7% of TruNorth Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. TruNorth Capital Management LLC’s holdings in Apple were worth $2,122,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Foresight Capital Management Advisors Inc. increased its position in Apple by 0.3% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after purchasing an additional 55 shares in the last quarter. Hoese & Co LLP increased its position in Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 57 shares in the last quarter. Stableford Capital II LLC increased its position in Apple by 0.3% during the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock worth $2,942,000 after purchasing an additional 59 shares in the last quarter. Whitcomb & Hess Inc. increased its position in Apple by 1.7% during the 2nd quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after purchasing an additional 59 shares in the last quarter. Finally, Kwmg LLC grew its position in Apple by 0.6% in the first quarter. Kwmg LLC now owns 10,640 shares of the iPhone maker’s stock valued at $1,825,000 after acquiring an additional 60 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Chris Kondo sold 8,706 shares of Apple stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. Insiders have sold a total of 113,884 shares of company stock valued at $23,723,887 over the last three months. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research report on Monday, September 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. KeyCorp reiterated a “hold” rating and set a $247.61 target price on shares of Apple in a research note on Wednesday, August 28th. Finally, Piper Sandler reiterated a “neutral” rating and set a $225.00 target price on shares of Apple in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Apple Stock Performance

AAPL stock opened at $222.50 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 34.60, a PEG ratio of 2.62 and a beta of 1.24. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23. The stock’s fifty day moving average is $223.14 and its two-hundred day moving average is $198.75.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. On average, research analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.

Apple Company 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.