Caldwell Sutter Capital Inc. Has $10.82 Million Stake in Apple Inc. (NASDAQ:AAPL)

Caldwell Sutter Capital Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,386 shares of the iPhone maker’s stock after acquiring an additional 100 shares during the quarter. Apple makes up 5.4% of Caldwell Sutter Capital Inc.’s portfolio, making the stock its biggest position. Caldwell Sutter Capital Inc.’s holdings in Apple were worth $10,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Apple in the 4th quarter worth approximately $33,912,466,000. Vanguard Group Inc. raised its position in shares of Apple by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after acquiring an additional 18,067,216 shares in the last quarter. Swedbank AB bought a new position in Apple during the first quarter worth $3,026,492,000. Global Assets Advisory LLC boosted its holdings in Apple by 23,076.4% in the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock worth $1,584,512,000 after purchasing an additional 9,200,345 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’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 sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 8,706 shares of the company’s 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,469,275. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,884 shares of company stock valued at $23,723,887. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.3 %

Shares of AAPL stock opened at $228.20 on Monday. The stock has a 50-day simple moving average of $222.41 and a 200 day simple moving average of $200.41. The stock has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a quick ratio of 0.91, a current ratio of 0.95 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, topping the consensus estimate of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Raymond James lifted their price target on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 26th. TD Cowen lifted their target price on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. UBS Group increased 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. Loop Capital raised Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $170.00 to $300.00 in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price objective on shares of Apple in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.17.

Apple 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.