Raelipskie Partnership Has $4.82 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Raelipskie Partnership grew its holdings in Apple Inc. (NASDAQ:AAPL) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,899 shares of the iPhone maker’s stock after purchasing an additional 340 shares during the quarter. Apple comprises about 2.6% of Raelipskie Partnership’s portfolio, making the stock its 11th biggest position. Raelipskie Partnership’s holdings in Apple were worth $4,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Apple by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after purchasing an additional 18,067,216 shares in the last quarter. Norges Bank bought a new stake in Apple during the 4th quarter worth approximately $33,912,466,000. Wellington Management Group LLP increased its holdings in Apple by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock worth $11,677,190,000 after purchasing an additional 2,096,360 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Apple by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 54,702,300 shares of the iPhone maker’s stock worth $10,531,834,000 after purchasing an additional 1,067,587 shares in the last quarter. Finally, Capital International Investors increased its holdings in Apple by 7.1% during the 1st quarter. Capital International Investors now owns 37,146,325 shares of the iPhone maker’s stock worth $6,369,852,000 after purchasing an additional 2,474,887 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Down 2.8 %

Shares of NASDAQ:AAPL opened at $216.32 on Tuesday. The stock’s 50-day moving average price is $222.91 and its 200-day moving average price is $199.00. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The stock has a market capitalization of $3.32 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

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

Apple Dividend Announcement

The company also recently announced 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. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio is currently 15.55%.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Chris Kondo sold 8,706 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the 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 sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Maxim Group restated a “hold” rating and issued a $203.00 target price on shares of Apple in a research note on Tuesday, September 10th. DA Davidson upgraded Apple from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $200.00 to $230.00 in a research note on Tuesday, June 11th. Raymond James boosted their target price on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

About Apple

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.