Apple Inc. (NASDAQ:AAPL) Shares Acquired by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,319 shares of the iPhone maker’s stock after acquiring an additional 563 shares during the period. Apple comprises approximately 0.7% of Proffitt & Goodson Inc.’s investment portfolio, making the stock its 23rd biggest position. Proffitt & Goodson Inc.’s holdings in Apple were worth $3,858,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of Apple during the first quarter worth about $35,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in shares of Apple during the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. increased its stake in shares of Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of Apple during the fourth quarter worth about $85,000. Finally, Clear Street Markets LLC increased its stake in shares of Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 83,965 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

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

Apple Stock Performance

Shares of AAPL stock opened at $227.37 on Wednesday. The firm’s 50 day moving average price is $222.10 and its 200-day moving average price is $201.22. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The firm has a market cap of $3.49 trillion, a P/E ratio of 35.36, a P/E/G ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 EPS 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 analyst estimates of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Maxim Group reaffirmed a “hold” rating and set a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Erste Group Bank raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Robert W. Baird upped their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. TD Cowen upped their price objective on shares of Apple from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Piper Sandler Companies reaffirmed a “neutral” rating and set a $225.00 price objective (up previously from $190.00) on shares of Apple in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.