Apple Inc. (NASDAQ:AAPL) Shares Purchased by Legacy CG LLC

Legacy CG LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,191 shares of the iPhone maker’s stock after purchasing an additional 1,670 shares during the period. Apple accounts for 1.8% of Legacy CG LLC’s portfolio, making the stock its 24th biggest position. Legacy CG LLC’s holdings in Apple were worth $5,306,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brickley Wealth Management raised its position in shares of Apple by 14.8% during the 2nd quarter. Brickley Wealth Management now owns 347,142 shares of the iPhone maker’s stock worth $73,115,000 after purchasing an additional 44,868 shares during the period. Capital Advisory Group Advisory Services LLC increased its position in Apple by 1.8% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 14,537 shares of the iPhone maker’s stock worth $3,062,000 after buying an additional 251 shares during the period. Bay Rivers Group lifted its stake in Apple by 0.8% in the second quarter. Bay Rivers Group now owns 71,721 shares of the iPhone maker’s stock valued at $15,106,000 after buying an additional 554 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Apple by 4.2% during the second quarter. Aaron Wealth Advisors LLC now owns 84,102 shares of the iPhone maker’s stock valued at $17,714,000 after acquiring an additional 3,398 shares during the period. Finally, Burr Financial Services LLC grew its position in shares of Apple by 170.1% during the second quarter. Burr Financial Services LLC now owns 29,553 shares of the iPhone maker’s stock worth $6,224,000 after acquiring an additional 18,613 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on AAPL shares. Cfra lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Evercore ISI reiterated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research report on Monday, September 16th. Robert W. Baird raised their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. UBS Group boosted their price target on Apple from $190.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, Barclays lowered their price target on Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.17.

Insiders Place Their Bets

In other news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,884 shares of company stock worth $23,723,887. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

Apple stock opened at $228.20 on Monday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The firm’s 50 day simple moving average is $222.41 and its 200-day simple moving average is $200.41. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The company has a market cap of $3.50 trillion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

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.