Apple Inc. (NASDAQ:AAPL) Shares Bought by ACT Advisors LLC.

ACT Advisors LLC. raised its holdings in Apple Inc. (NASDAQ:AAPL) by 17.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,022 shares of the iPhone maker’s stock after purchasing an additional 1,043 shares during the period. Apple comprises approximately 0.8% of ACT Advisors LLC.’s holdings, making the stock its 13th largest holding. ACT Advisors LLC.’s holdings in Apple were worth $1,479,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AAPL. Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at 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 acquired a new stake in shares of Apple during the 1st quarter valued at approximately $3,026,492,000. Global Assets Advisory LLC raised its position in shares of Apple by 23,076.4% during the 1st quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after acquiring an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Apple by 158.3% during the 1st 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 acquiring an additional 7,067,379 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of Apple in a research report on Monday, September 9th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and upped their price target for the company from $200.00 to $230.00 in a research report on Tuesday, June 11th. Oppenheimer reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $238.76.

Apple Trading Up 0.1 %

Shares of AAPL stock opened at $227.79 on Friday. The stock has a 50-day simple moving average of $222.12 and a 200 day simple moving average of $201.57. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The stock has a market capitalization of $3.49 trillion, a P/E ratio of 35.43, a P/E/G ratio of 2.66 and a beta of 1.24. 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 earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Apple’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 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. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is 15.55%.

Insider Activity

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $39,542,136.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, 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 value of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the 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 completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock valued at $23,723,887 over the last three months. Insiders own 0.06% of the company’s stock.

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.